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

The debt of Vadilal Industries is decreasing.
Latest debt of Vadilal Industries is ₹10.94 Crs as of Mar-24.
This is less than Mar-23 when it was ₹130 Crs.

Yes, profit is increasing.
The profit of Vadilal Industries is ₹152 Crs for TTM, ₹146 Crs for Mar 2024 and ₹96.29 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.
Vadilal Industries latest dividend payout ratio is 0.74% and 3yr average dividend payout ratio is 1.29%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments