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

Yes, The net debt of Balkrishna Inds. is increasing.
Latest net debt of Balkrishna Inds. is ₹3,176 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹2,936 Crs.

Yes, profit is increasing.
The profit of Balkrishna Inds. is ₹1,655 Crs for TTM, ₹1,471 Crs for Mar 2024 and ₹1,057 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.
Balkrishna Inds. latest dividend payout ratio is 26.27% and 3yr average dividend payout ratio is 33.51%

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