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

The debt of Panchmahal Steel is decreasing.
Latest debt of Panchmahal Steel is ₹32.1 Crs as of Sep-24.
This is less than Mar-24 when it was ₹35.41 Crs.

Yes, profit is increasing.
The profit of Panchmahal Steel is ₹7.8 Crs for TTM, ₹2.97 Crs for Mar 2024 and ₹1.38 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.
Panchmahal Steel latest dividend payout ratio is 13.03% and 3yr average dividend payout ratio is 13.03%

Companies resources are majorly tied in miscellaneous assets