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

Yes, The net debt of Wockhardt is increasing.
Latest net debt of Wockhardt is ₹1,477 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹1,054 Crs.

Yes, profit is increasing.
The profit of Wockhardt is -₹47 Crs for Mar 2025, -₹463 Crs for Mar 2024 and -₹559 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.
Wockhardt latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Capital Work in Progress, Short Term Loans & Advances