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

Yes, The net debt of Alembic is increasing.
Latest net debt of Alembic is ₹10.08 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹4.22 Crs.

The profit is oscillating.
The profit of Alembic is ₹145 Crs for TTM, ₹269 Crs for Mar 2024 and ₹191 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.
Alembic latest dividend payout ratio is 22.94% and 3yr average dividend payout ratio is 24.46%

Companies resources are majorly tied in miscellaneous assets