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

Yes, The debt of Maruti Suzuki is increasing.
Latest debt of Maruti Suzuki is -₹2,079.7 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹5,621.6 Crs.

Yes, profit is increasing.
The profit of Maruti Suzuki is ₹13,782 Crs for TTM, ₹13,488 Crs for Mar 2024 and ₹8,264 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.
Maruti Suzuki latest dividend payout ratio is 29.14% and 3yr average dividend payout ratio is 36.69%

Companies resources are majorly tied in miscellaneous assets