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

Yes, The debt of Oriana Power is increasing.
Latest debt of Oriana Power is ₹161 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹67.51 Crs.

Yes, profit is increasing.
The profit of Oriana Power is ₹10.93 Crs for Mar 2023, ₹6.96 Crs for Mar 2022 and ₹1.03 Crs for Mar 2021

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Oriana Power latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

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