Balance sheet of Adani Total Gas is strong.
But short term working capital might become an issue for this company.

Yes, The debt of Adani Total Gas is increasing.
Latest debt of Adani Total Gas is ₹1,157 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹559 Crs.

Yes, profit is increasing.
The profit of Adani Total Gas is ₹685 Crs for TTM, ₹668 Crs for Mar 2024 and ₹546 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.
Adani Total Gas latest dividend payout ratio is 4.12% and 3yr average dividend payout ratio is 4.85%

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