Balance sheet of Sheela Foam is strong.
But short term working capital might become an issue for this company.

The debt of Sheela Foam is decreasing.
Latest debt of Sheela Foam is ₹1,122 Crs as of Mar-25.
This is less than Mar-24 when it was ₹1,184 Crs.

No, profit is decreasing.
The profit of Sheela Foam is ₹54.38 Crs for TTM, ₹96.09 Crs for Mar 2025 and ₹182 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.
Sheela Foam latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

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