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

Yes, The net debt of Carraro India is increasing.
Latest net debt of Carraro India is ₹38.83 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹6.33 Crs.

Yes, profit is increasing.
The profit of Carraro India is ₹89.48 Crs for TTM, ₹88.12 Crs for Mar 2025 and ₹62.54 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.
Carraro India latest dividend payout ratio is 29.36% and 3yr average dividend payout ratio is 24.95%

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