Balance sheet of Hitachi Energy India is strong.
But short term working capital might become an issue for this company.

Yes, The debt of Hitachi Energy India is increasing.
Latest debt of Hitachi Energy India is ₹192 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹105.23 Crs.

Yes, profit is increasing.
The profit of Hitachi Energy India is ₹314 Crs for TTM, ₹164 Crs for Mar 2024 and ₹93.9 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.
Hitachi Energy India latest dividend payout ratio is 10.36% and 3yr average dividend payout ratio is 10.65%

Companies resources are allocated to majorly unproductive assets like Short Term Loans & Advances