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

Yes, The debt of TIL is increasing.
Latest debt of TIL is ₹207 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹137 Crs.

The profit is oscillating.
The profit of TIL is ₹162 Crs for TTM, ₹255 Crs for Mar 2024 and -₹91.75 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.
TIL latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Accounts Receivable, Short Term Loans & Advances