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

Yes, The debt of NewMalayalam Steel is increasing.
Latest debt of NewMalayalam Steel is ₹33.59 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹14.57 Crs.

No, profit is decreasing.
The profit of NewMalayalam Steel is ₹4.27 Crs for Mar 2024, ₹6 Crs for Mar 2023 and ₹6.73 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.
NewMalayalam Steel latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Inventory, Accounts Receivable