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

Yes, The net debt of Rain Industries is increasing.
Latest net debt of Rain Industries is ₹5,995 Crs as of Dec-25.
This is greater than Dec-24 when it was ₹4,120 Crs.

Yes, profit is increasing.
The profit of Rain Industries is ₹42.52 Crs for Dec 2025, -₹564.27 Crs for Dec 2024 and -₹937.91 Crs for Dec 2023

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Rain Industries latest dividend payout ratio is 79.1% and 3yr average dividend payout ratio is 79.1%

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