| Tap a line for its trend | Last 12Mto Sep 2026 | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 32,103 | 32,103 | 26,925 | 20,252 | 13,993 | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 29,581 | 29,581 | 23,554 | 16,502 | 10,262 | ||
| 2.25× | 2.25× | 1.90× | 1.44× | 1.01× | ||
| 2.08× | 2.08× | 1.66× | 1.17× | 0.74× | ||
| 9.58× | 9.58× | 12.12× | 11.15× | 6.27× | ||
| 7.02× | 8.83× | 10.60× | 9.08× | 4.60× | ||
| 1.78× | 1.78× | 2.08× | 2.76× | 4.42× | ||
| 68.2% | 69.3% | 65.5% | 59.0% | 50.2% | ||
As filed — company-reported covenants | ||||||
| 2.25× | 2.26× | 1.91× | 1.00× | 1.00× | ||
| 0.84× | 1.92× | 2.05× | 2.00× | 4.00× | ||
| 2.89× | 2.73× | 3.79× | 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 | 13,993.0 | 20,251.7 | 26,925.4 | 32,103.0 | 32,103.0 | |
| Net Debt | 10,261.5 | 16,501.8 | 23,553.9 | 29,580.5 | 29,580.5 | |
| Total Debt/Equity | 1.01 | 1.44 | 1.90 | 2.25 | 2.25 | |
| Net Debt/Equity | 0.74 | 1.17 | 1.66 | 2.08 | 2.08 | |
| Total Debt/EBITDA | 6.27 | 11.15 | 12.12 | 9.58 | 9.58 | |
| Net Debt/EBITDA | 4.60 | 9.08 | 10.60 | 8.83 | 7.02 | |
| Interest Coverage (EBIT/Interest) | 4.42 | 2.76 | 2.08 | 1.78 | 1.78 | |
| Total Debt/Total Capital % | 50.24 | 59.00 | 65.49 | 69.26 | 68.16 | |
| As Filed — company-reported covenants | ||||||
| Debt/Equity (as filed) | 1.00 | 1.00 | 1.91 | 2.26 | 2.25 | |
| Debt Service Coverage (as filed) | 4.00 | 2.00 | 2.05 | 1.92 | 0.84 | |
| Interest Service Coverage (as filed) | — | 5.00 | 3.79 | 2.73 | 2.89 | |