Balance sheet of Sambhv Steel Tubes is strong.
But short term working capital might become an issue for this company.

Yes, The net debt of Sambhv Steel Tubes is increasing.
Latest net debt of Sambhv Steel Tubes is ₹268 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹268 Crs.

The profit is oscillating.
The profit of Sambhv Steel Tubes is ₹82.44 Crs for Mar 2024, ₹60.38 Crs for Mar 2023 and ₹72.11 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.
Sambhv Steel Tubes latest dividend payout ratio is 83.61% and 3yr average dividend payout ratio is 83.61%

Companies resources are allocated to majorly unproductive assets like Capital Work in Progress