Grovy India (BOM:539522) Debt-to-Equity : 0.60 (As of Mar. 2024)

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What is Grovy India Debt-to-Equity?

Grovy India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹99.6 Mil. Grovy India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹13.9 Mil. Grovy India's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹188.6 Mil. Grovy India's debt to equity for the quarter that ended in Mar. 2024 was 0.60.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Grovy India's Debt-to-Equity or its related term are showing as below:

BOM:539522' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57 Med: 0.8 Max: 2.44
Current: 0.6

During the past 11 years, the highest Debt-to-Equity Ratio of Grovy India was 2.44. The lowest was 0.57. And the median was 0.80.

BOM:539522's Debt-to-Equity is ranked worse than
52.92% of 480 companies
in the Conglomerates industry
Industry Median: 0.56 vs BOM:539522: 0.60

Grovy India Debt-to-Equity Historical Data

The historical data trend for Grovy India's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Grovy India Debt-to-Equity Chart

Grovy India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.93

0.57

0.58

0.60

Grovy India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.58	N/A	0.37	N/A	0.60

Competitive Comparison of Grovy India's Debt-to-Equity

For the Conglomerates subindustry, Grovy India's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Grovy India's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Grovy India's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Grovy India's Debt-to-Equity falls into.

Grovy India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grovy India's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(99.649	+	13.928)	/	188.571
	=	0.60

Grovy India's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(99.649	+	13.928)	/	188.571
	=	0.60

Grovy India (BOM:539522) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Grovy India Debt-to-Equity Related Terms

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Grovy India (BOM:539522) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Grovy India Ltd (BOM:539522) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Lajpat Nagar Part II, 122, 1st Floor, Vinobapuri, New Delhi, IND, 110024

Website

https://www.grovyindia.com

Grovy India Ltd is engaged in the real estate and financial market business in India. It operates through the segments which include Construction Business (Property); Shares Trading (Equity Market) Business Auxilliary segment and Others. Share trading, which is the key revenue driver, includes trading of shares, commodities, currencies, mutual funds, and other financial instruments. The construction business is engaged in developing commercial, retail, and residential buildings. Its projects include Serviced Apartments-Rishikesh, Grovy Optiva-Noida, and Y-44 Hauz Khas, among others.

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