Balance sheet of Popular Foundations is moderately strong.

The debt of Popular Foundations is decreasing.
Latest debt of Popular Foundations is ₹5.3 Crs as of Sep-24.
This is less than Mar-24 when it was ₹15.51 Crs.

Yes, profit is increasing.
The profit of Popular Foundations is ₹4.88 Crs for TTM, ₹3.48 Crs for Mar 2024 and ₹1.2 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.
Popular Foundations latest dividend payout ratio is 12.95% and 3yr average dividend payout ratio is 14.83%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable