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

Yes, The debt of Pennar Industries is increasing.
Latest debt of Pennar Industries is ₹645 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹449 Crs.

Yes, profit is increasing.
The profit of Pennar Industries is ₹113 Crs for TTM, ₹98.34 Crs for Mar 2024 and ₹75.42 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.
Pennar Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Capital Work in Progress, Accounts Receivable