Balance sheet of Lodha Developers is strong.
But short term working capital might become an issue for this company.

Yes, The net debt of Lodha Developers is increasing.
Latest net debt of Lodha Developers is ₹5,339 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹2,410 Crs.

Yes, profit is increasing.
The profit of Lodha Developers is ₹2,768 Crs for TTM, ₹1,549 Crs for Mar 2024 and ₹487 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.
Lodha Developers latest dividend payout ratio is 14.44% and 3yr average dividend payout ratio is 17.12%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Inventory