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

The debt of Amal is decreasing.
Latest debt of Amal is ₹21.96 Crs as of Mar-24.
This is less than Mar-23 when it was ₹29.06 Crs.

Yes, profit is increasing.
The profit of Amal is ₹4.8 Crs for TTM, ₹1.7 Crs for Mar 2024 and -₹16.11 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.
Amal latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances