Balance sheet of Reliance Industries is moderately strong, But short term working capital might become an issue for this company.

Yes, The debt of Reliance Industries is increasing.
Latest debt of Reliance Industries is ₹2,45,984 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹1,30,401 Crs.

Yes, profit is increasing.
The profit of Reliance Industries is ₹77,180 Crs for TTM, ₹69,621 Crs for Mar 2024 and ₹66,702 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.
Reliance Industries latest dividend payout ratio is 9.72% and 3yr average dividend payout ratio is 9.25%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Capital Work in Progress