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

Yes, The debt of Dixon Technologies is increasing.
Latest debt of Dixon Technologies is ₹120 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹261.9 Crs.

Yes, profit is increasing.
The profit of Dixon Technologies is ₹731 Crs for TTM, ₹368 Crs for Mar 2024 and ₹256 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.
Dixon Technologies latest dividend payout ratio is 8.13% and 3yr average dividend payout ratio is 7.12%

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