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

The net debt of Hikal is decreasing.
Latest net debt of Hikal is ₹726 Crs as of Mar-25.
This is less than Mar-24 when it was ₹773 Crs.

The profit is oscillating.
The profit of Hikal is ₹63.3 Crs for TTM, ₹90.8 Crs for Mar 2025 and ₹69.6 Crs for Mar 2024.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Hikal latest dividend payout ratio is 19.04% and 3yr average dividend payout ratio is 19.74%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory, Short Term Loans & Advances