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

Yes, The net debt of Divine Power Energy is increasing.
Latest net debt of Divine Power Energy is ₹142 Crs as of Mar-26.
This is greater than Mar-25 when it was ₹80.29 Crs.

Yes, profit is increasing.
The profit of Divine Power Energy is ₹26.71 Crs for Mar 2026, ₹9.15 Crs for Mar 2025 and ₹6.41 Crs for Mar 2024

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Divine Power Energy latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory, Accounts Receivable