Balance sheet of Sadhana Nitro Chem is strong.
But short term working capital might become an issue for this company.

Yes, The debt of Sadhana Nitro Chem is increasing.
Latest debt of Sadhana Nitro Chem is ₹205 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹114 Crs.

Yes, profit is increasing.
The profit of Sadhana Nitro Chem is ₹4.64 Crs for TTM, ₹4.08 Crs for Mar 2024 and ₹3.18 Crs for Mar 2023.

The company seems to pay a good stable dividend.
Sadhana Nitro Chem latest dividend payout ratio is 90.8% and 3yr average dividend payout ratio is 77.79%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable