Balance sheet of Onyx Biotec is moderately strong, But short term working capital might become an issue for this company.

Yes, The debt of Onyx Biotec is increasing.
Latest debt of Onyx Biotec is ₹28.65 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹27.86 Crs.

Yes, profit is increasing.
The profit of Onyx Biotec is ₹4.59 Crs for TTM, ₹3.03 Crs for Mar 2024 and ₹1.84 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.
Onyx Biotec latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable