Rays of Belief Limited (BOM:544906)

Rays of Belief Ratios and Metrics

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

Financial Efficiency

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023
Period Ending	Oct 5, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
Debt / Equity Ratio	0.30	0.30	0.44	0.37	0.32
Debt / EBITDA Ratio	0.58	0.79	2.23	1.54	-
Debt / FCF Ratio	-	-	-	2.24	-
Net Debt / Equity Ratio	0.10	0.10	0.06	-0.43	-0.57
Net Debt / EBITDA Ratio	0.24	0.35	0.42	-3.11	0.31
Net Debt / FCF Ratio	-	-1.00	-0.23	-2.60	0.33
Asset Turnover	-	2.12	1.87	2.96	-
Quick Ratio	-	2.29	2.33	1.73	1.80
Current Ratio	-	2.40	2.53	1.95	2.04
Return on Equity (ROE)	-	21.78%	56.56%	16.83%	-
Return on Assets (ROA)	-	12.31%	2.66%	0.59%	-
Return on Invested Capital (ROIC)	26.20%	22.09%	8.65%	3.75%	-453.59%
Return on Capital Employed (ROCE)	-	20.30%	4.00%	1.10%	-167.20%

Yields

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023
Period Ending	Oct 5, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
Buyback Yield / Dilution	-1.75%	-0.87%	-0.01%	-0.34%	-

Data Source: S&P Global Market Intelligence Last updated: Sep 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 7, 2026

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