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

Yes, The net debt of D.P. Abhushan is increasing.
Latest net debt of D.P. Abhushan is ₹109 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹107 Crs.

Yes, profit is increasing.
The profit of D.P. Abhushan is ₹61.86 Crs for Mar 2024, ₹45.32 Crs for Mar 2023 and ₹40.88 Crs for Mar 2022

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
D.P. Abhushan latest dividend payout ratio is 3.6% and 3yr average dividend payout ratio is 4.67%

Companies resources are allocated to majorly unproductive assets like Inventory