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

Yes, The net debt of Gem Aromatics is increasing.
Latest net debt of Gem Aromatics is ₹218 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹78.43 Crs.

Yes, profit is increasing.
The profit of Gem Aromatics is ₹53.38 Crs for Mar 2025, ₹50.1 Crs for Mar 2024 and ₹44.67 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.
Gem Aromatics latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

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