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

Yes, The net debt of Nava is increasing.
Latest net debt of Nava is -₹156.42 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹204.96 Crs.

Yes, profit is increasing.
The profit of Nava is ₹1,434 Crs for TTM, ₹944 Crs for Mar 2024 and ₹928 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.
Nava latest dividend payout ratio is 6.15% and 3yr average dividend payout ratio is 10.78%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory, Short Term Loans & Advances