Neyveli Lignite balance sheet is weak and might have solvency issues

Yes, The net debt of Neyveli Lignite is increasing.
Latest net debt of Neyveli Lignite is ₹21,753 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹20,979 Crs.

Yes, profit is increasing.
The profit of Neyveli Lignite is ₹2,986 Crs for TTM, ₹2,700 Crs for Mar 2025 and ₹1,861 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.
Neyveli Lignite latest dividend payout ratio is 15.41% and 3yr average dividend payout ratio is 24.18%

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