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

Yes, The net debt of Gulshan Polyols is increasing.
Latest net debt of Gulshan Polyols is ₹385 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹330 Crs.

Yes, profit is increasing.
The profit of Gulshan Polyols is ₹28.11 Crs for TTM, ₹24.67 Crs for Mar 2025 and ₹17.76 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.
Gulshan Polyols latest dividend payout ratio is 7.59% and 3yr average dividend payout ratio is 7.96%

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