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

Yes, The debt of SRF is increasing.
Latest debt of SRF is ₹4,995 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹4,106 Crs.

No, profit is decreasing.
The profit of SRF is ₹1,147 Crs for TTM, ₹1,336 Crs for Mar 2024 and ₹2,162 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.
SRF latest dividend payout ratio is 15.98% and 3yr average dividend payout ratio is 17.38%

Companies resources are allocated to majorly productive assets like Plant & Machinery