Balance sheet of Venus Pipes & Tubes is strong.
But short term working capital might become an issue for this company.

Yes, The debt of Venus Pipes & Tubes is increasing.
Latest debt of Venus Pipes & Tubes is ₹158 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹134 Crs.

Yes, profit is increasing.
The profit of Venus Pipes & Tubes is ₹94.22 Crs for TTM, ₹85.98 Crs for Mar 2024 and ₹44.21 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.
Venus Pipes & Tubes latest dividend payout ratio is 2.36% and 3yr average dividend payout ratio is 3.48%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Accounts Receivable