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

The net debt of Bharat Seats is decreasing.
Latest net debt of Bharat Seats is ₹73.69 Crs as of Mar-25.
This is less than Mar-24 when it was ₹87.65 Crs.

Yes, profit is increasing.
The profit of Bharat Seats is ₹32.7 Crs for Mar 2025, ₹25.05 Crs for Mar 2024 and ₹21.55 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.
Bharat Seats latest dividend payout ratio is 21.12% and 3yr average dividend payout ratio is 20.53%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable