Black Box Ratios and Metrics

Market cap in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 12, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Market Capitalization	92,883	60,889	37,890	15,582	24,844	41,710
Market Cap Growth	-10.69%	60.70%	143.17%	-37.28%	-40.44%	497.60%
Enterprise Value	100,407	65,187	42,555	19,397	25,943	38,389
Last Close Price	544.80	358.76	225.00	92.60	151.10	255.89
PE Ratio	43.72	29.73	27.52	65.75	34.16	53.41
Forward PE	30.59	2.71	2.71	2.71	2.71	2.71
PS Ratio	1.50	1.02	0.60	0.25	0.46	0.89
PB Ratio	10.26	8.03	7.88	5.26	9.54	20.18
P/TBV Ratio	19.60	17.58	44.95	-	-	-
P/FCF Ratio	-	-	48.13	-	56.22	15.26
P/OCF Ratio	-	-	29.27	119.49	26.08	13.76
EV/Sales Ratio	1.63	1.09	0.68	0.31	0.48	0.82
EV/EBITDA Ratio	19.15	14.32	12.36	10.12	13.30	13.03
EV/EBIT Ratio	23.37	15.37	13.65	11.71	16.25	14.28
EV/FCF Ratio	-	-	54.05	-	58.71	14.04
Debt / Equity Ratio	1.15	1.24	1.48	2.12	1.85	1.67
Debt / EBITDA Ratio	1.98	1.81	1.74	2.38	1.91	0.96
Debt / FCF Ratio	-	-	9.05	-	10.88	1.26
Net Debt / Equity Ratio	0.83	0.96	1.04	1.45	0.69	-0.06
Net Debt / EBITDA Ratio	1.64	1.60	1.45	2.23	0.92	-0.04
Net Debt / FCF Ratio	-	-5.52	6.33	-5.01	4.05	-0.05
Asset Turnover	-	2.03	2.17	2.22	2.17	2.03
Inventory Turnover	-	22.04	17.89	19.12	24.91	27.87
Quick Ratio	-	1.12	0.86	0.69	0.67	0.58
Current Ratio	-	1.57	1.17	0.99	0.94	0.92
Return on Equity (ROE)	-	33.04%	35.44%	8.52%	31.14%	510.73%
Return on Assets (ROA)	-	9.03%	6.72%	3.66%	4.03%	7.29%
Return on Invested Capital (ROIC)	25.02%	33.25%	32.24%	22.92%	42.61%	144.18%
Return on Capital Employed (ROCE)	-	24.80%	25.50%	17.30%	21.70%	44.10%
Earnings Yield	2.30%	3.36%	3.63%	1.52%	2.93%	1.87%
FCF Yield	-	-2.17%	2.08%	-5.49%	1.78%	6.55%
Dividend Yield	0.18%	0.28%	-	-	-	-
Buyback Yield / Dilution	-1.52%	-0.46%	-0.35%	-1.09%	-9.10%	-2.27%
Total Shareholder Return	-1.33%	-0.18%	-0.35%	-1.09%	-9.10%	-2.27%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.