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

Yes, The debt of Linc is increasing.
Latest debt of Linc is -₹11.39 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹22.06 Crs.

The profit is oscillating.
The profit of Linc is ₹37.5 Crs for TTM, ₹34.21 Crs for Mar 2024 and ₹37.4 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.
Linc latest dividend payout ratio is 21.74% and 3yr average dividend payout ratio is 24.85%

Companies resources are allocated to majorly productive assets like Plant & Machinery