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

Yes, The debt of Nikita Papers is increasing.
Latest debt of Nikita Papers is ₹220 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹174 Crs.

Yes, profit is increasing.
The profit of Nikita Papers is ₹25.53 Crs for TTM, ₹20.72 Crs for Mar 2024 and ₹5.44 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.
Nikita Papers latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable, Short Term Loans & Advances