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

Yes, The debt of Subam Papers is increasing.
Latest debt of Subam Papers is ₹170 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹162 Crs.

The profit is oscillating.
The profit of Subam Papers is ₹17.31 Crs for TTM, ₹33.42 Crs for Mar 2024 and -₹0.27 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.
Subam Papers 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, Inventory, Accounts Receivable