Balance sheet of Hindprakash Indust is strong.
But short term working capital might become an issue for this company.

Yes, The debt of Hindprakash Indust is increasing.
Latest debt of Hindprakash Indust is ₹21.25 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹19.68 Crs.

No, profit is decreasing.
The profit of Hindprakash Indust is ₹1.55 Crs for Mar 2024, ₹2.47 Crs for Mar 2023 and ₹2.73 Crs for Mar 2022

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Hindprakash Indust latest dividend payout ratio is 36.79% and 3yr average dividend payout ratio is 32.03%

Companies resources are majorly tied in miscellaneous assets