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

The net debt of Dolfin Rubbers is decreasing.
Latest net debt of Dolfin Rubbers is ₹10.48 Crs as of Sep-24.
This is less than Mar-24 when it was ₹13 Crs.

Yes, profit is increasing.
The profit of Dolfin Rubbers is ₹5.07 Crs for TTM, ₹4.75 Crs for Mar 2024 and ₹3.31 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.
Dolfin Rubbers latest dividend payout ratio is 36.32% and 3yr average dividend payout ratio is 36.32%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory