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

Yes, The debt of Tata Motors is increasing.
Latest debt of Tata Motors is ₹67,892 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹7,181 Crs.

Yes, profit is increasing.
The profit of Tata Motors is ₹33,165 Crs for TTM, ₹31,399 Crs for Mar 2024 and ₹2,414 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.
Tata Motors latest dividend payout ratio is 7.32% and 3yr average dividend payout ratio is 19.52%

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