| Tap a line for its trend | Last 12Mto Sep 2026 | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 4,921 | 4,921 | 3,790 | 3,184 | 2,874 | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 4,313 | 4,313 | 3,495 | 3,054 | 2,673 | ||
| 0.83× | 0.83× | 0.68× | 0.60× | 0.58× | ||
| 0.72× | 0.72× | 0.62× | 0.58× | 0.54× | ||
| 4.21× | 4.21× | 3.79× | 3.26× | 2.64× | ||
| 2.96× | 3.69× | 3.49× | 3.13× | 2.45× | ||
| 2.04× | 2.04× | 2.06× | 2.83× | 4.63× | ||
| 44.0% | 45.2% | 40.3% | 37.6% | 36.9% | ||
As filed — company-reported covenants | ||||||
| 0.74× | 0.72× | 0.60× | — | 1.00× | ||
| 2.36× | 1.46× | 0.90× | — | 1.00× | ||
| 3.47× | 2.11× | 2.20× | — | 5.00× | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
Ratios — % unless marked × 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Last 12M 30/09/2026 | |
|---|---|---|---|---|---|---|
| Total Debt | 2,874.0 | 3,184.1 | 3,789.6 | 4,921.0 | 4,921.0 | |
| Net Debt | 2,673.3 | 3,054.4 | 3,494.6 | 4,312.5 | 4,312.5 | |
| Total Debt/Equity | 0.58 | 0.60 | 0.68 | 0.83 | 0.83 | |
| Net Debt/Equity | 0.54 | 0.58 | 0.62 | 0.72 | 0.72 | |
| Total Debt/EBITDA | 2.64 | 3.26 | 3.79 | 4.21 | 4.21 | |
| Net Debt/EBITDA | 2.45 | 3.13 | 3.49 | 3.69 | 2.96 | |
| Interest Coverage (EBIT/Interest) | 4.63 | 2.83 | 2.06 | 2.04 | 2.04 | |
| Total Debt/Total Capital % | 36.87 | 37.57 | 40.34 | 45.25 | 43.99 | |
| As Filed — company-reported covenants | ||||||
| Debt/Equity (as filed) | 1.00 | — | 0.60 | 0.72 | 0.74 | |
| Debt Service Coverage (as filed) | 1.00 | — | 0.90 | 1.46 | 2.36 | |
| Interest Service Coverage (as filed) | 5.00 | — | 2.20 | 2.11 | 3.47 | |