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

Yes, The debt of Somany Ceramics is increasing.
Latest debt of Somany Ceramics is ₹280 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹194 Crs.

The profit is oscillating.
The profit of Somany Ceramics is ₹86.88 Crs for TTM, ₹96.89 Crs for Mar 2024 and ₹71.49 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.
Somany Ceramics latest dividend payout ratio is 12.7% and 3yr average dividend payout ratio is 14.96%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Accounts Receivable, Short Term Loans & Advances