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

Yes, The debt of Mangalam Organics is increasing.
Latest debt of Mangalam Organics is ₹265 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹169 Crs.

Yes, profit is increasing.
The profit of Mangalam Organics is ₹7.17 Crs for TTM, ₹4.41 Crs for Mar 2024 and -₹27.22 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.
Mangalam Organics latest dividend payout ratio is 2.39% and 3yr average dividend payout ratio is 2.39%

Companies resources are majorly tied in miscellaneous assets