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

Yes, The net debt of Oriental Aromatics is increasing.
Latest net debt of Oriental Aromatics is ₹328 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹180 Crs.

The profit is oscillating.
The profit of Oriental Aromatics is ₹34.33 Crs for Mar 2025, ₹9.1 Crs for Mar 2024 and ₹19.74 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.
Oriental Aromatics latest dividend payout ratio is 4.9% and 3yr average dividend payout ratio is 10.64%

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