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

Yes, The debt of Insecticides India is increasing.
Latest debt of Insecticides India is -₹10.39 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹39.5 Crs.

Yes, profit is increasing.
The profit of Insecticides India is ₹135 Crs for TTM, ₹102 Crs for Mar 2024 and ₹63.21 Crs for Mar 2023.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Insecticides India latest dividend payout ratio is 8.67% and 3yr average dividend payout ratio is 9.41%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Short Term Loans & Advances