Over the last 5 years, current ratio has been 76%, vs industry average of 50.02%
Total Debt to Equity
The company's total equity has been negative through FY'17 to FY'19, which is because the company's loss were included as a part of other equity and as a result the total debt to equity ratio was not indicating the actual solvency position of the company. However, since FY'20 the company has had a positive total equity which is a result of the company selling off it's assets in order to generate profit and to pay off its debt, hence the equity has not become negative and the company's debt has reduced from INR 7300 Cr in FY'20 to INR 3015 Cr in FY'21. Although the debt has decreased massively, the method of generating revenue is extremely harmful and non recurring in nature, therefore it is bad for the long term solvency of the company.
Shares outstanding numbers in None. Other numbers in ₹ Cr
* denotes current year's data