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

Yes, The debt of Sal Automotive is increasing.
Latest debt of Sal Automotive is ₹20.68 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹14.43 Crs.

Yes, profit is increasing.
The profit of Sal Automotive is ₹5.38 Crs for TTM, ₹5.1 Crs for Mar 2024 and ₹4.7 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.
Sal Automotive latest dividend payout ratio is 21.16% and 3yr average dividend payout ratio is 20.78%

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