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

Yes, The net debt of Goodluck India is increasing.
Latest net debt of Goodluck India is ₹790 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹191 Crs.

Yes, profit is increasing.
The profit of Goodluck India is ₹170 Crs for TTM, ₹165 Crs for Mar 2025 and ₹132 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.
Goodluck India latest dividend payout ratio is 7.94% and 3yr average dividend payout ratio is 12.12%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Capital Work in Progress, Accounts Receivable