Balance sheet of Tirupati Starch&Chem is strong.
But short term working capital might become an issue for this company.

Yes, The debt of Tirupati Starch&Chem is increasing.
Latest debt of Tirupati Starch&Chem is ₹151 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹73.43 Crs.

The profit is oscillating.
The profit of Tirupati Starch&Chem is ₹6.57 Crs for Mar 2023, ₹8.26 Crs for Mar 2022 and ₹1.03 Crs for Mar 2021

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Tirupati Starch&Chem 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, Capital Work in Progress