Tata Power balance sheet is weak and might have solvency issues

Yes, The debt of Tata Power is increasing.
Latest debt of Tata Power is ₹44,773 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹31,240 Crs.

The profit is oscillating.
The profit of Tata Power is ₹3,304 Crs for TTM, ₹3,696 Crs for Mar 2024 and ₹3,336 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 Power latest dividend payout ratio is 17.29% and 3yr average dividend payout ratio is 22.85%

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