Neyveli Lignite balance sheet is weak and might have solvency issues

Yes, The debt of Neyveli Lignite is increasing.
Latest debt of Neyveli Lignite is ₹21,543 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹20,888 Crs.

Yes, profit is increasing.
The profit of Neyveli Lignite is ₹1,917 Crs for TTM, ₹1,848 Crs for Mar 2024 and ₹1,396 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.
Neyveli Lignite latest dividend payout ratio is 22.52% and 3yr average dividend payout ratio is 31.04%

Companies resources are allocated to majorly unproductive assets like Capital Work in Progress