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

Yes, The debt of Sangam India is increasing.
Latest debt of Sangam India is ₹1,009 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹768 Crs.

The profit is oscillating.
The profit of Sangam India is ₹42.33 Crs for TTM, ₹40.82 Crs for Mar 2024 and ₹131 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.
Sangam India latest dividend payout ratio is 24.62% and 3yr average dividend payout ratio is 12.57%

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