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

Yes, The debt of Manomay Tex India is increasing.
Latest debt of Manomay Tex India is ₹279 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹97.38 Crs.

Yes, profit is increasing.
The profit of Manomay Tex India is ₹15.7 Crs for TTM, ₹12.95 Crs for Mar 2023 and ₹7.71 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.
Manomay Tex India latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Accounts Receivable