Balance sheet of ITC Hotels is strong.
It shouldn't have solvency or liquidity issues.

Yes, The net debt of ITC Hotels is increasing.
Latest net debt of ITC Hotels is -₹1,499.49 Crs as of Sep-25.
This is greater than Mar-25 when it was -₹3,303.73 Crs.

The profit is oscillating.
The profit of ITC Hotels is ₹585 Crs for TTM, ₹638 Crs for Mar 2025 and ₹424 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.
ITC Hotels 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 Cash & Short Term Investments