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

Yes, The debt of Tata Steel is increasing.
Latest debt of Tata Steel is ₹84,174 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹64,220 Crs.

The profit is oscillating.
The profit of Tata Steel is ₹2,577 Crs for TTM, -₹4,437.44 Crs for Mar 2024 and ₹8,760 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 Steel latest dividend payout ratio is 50.18% and 3yr average dividend payout ratio is 32.84%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Capital Work in Progress, Accounts Receivable, Short Term Loans & Advances