Balance sheet of Sylvan Plyboard (I) is moderately strong, But short term working capital might become an issue for this company.

Yes, The debt of Sylvan Plyboard (I) is increasing.
Latest debt of Sylvan Plyboard (I) is ₹45.45 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹35.47 Crs.

The profit is oscillating.
The profit of Sylvan Plyboard (I) is ₹3.4 Crs for TTM, ₹6.09 Crs for Mar 2024 and ₹3.53 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.
Sylvan Plyboard (I) latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Inventory