Balance sheet of Rane Holdings is moderately strong, But short term working capital might become an issue for this company.

Yes, The net debt of Rane Holdings is increasing.
Latest net debt of Rane Holdings is ₹911 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹748 Crs.

Yes, profit is increasing.
The profit of Rane Holdings is ₹207 Crs for Mar 2025, ₹124 Crs for Mar 2024 and ₹62.27 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.
Rane Holdings latest dividend payout ratio is 26.19% and 3yr average dividend payout ratio is 31.34%

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