Dabur India financials and balance sheet

NSE: DABURBSE: 500096Personal ProductsMid Cap

₹363.00₹5.00 (1.36%)BSE ₹366.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹368.00.

52-week range of traded prices to 23 Oct 2026

₹356.05Low, 23 Oct 2026₹534.00High, 5 Jan 2026

Next results date: the board meets on 4 Nov 2026 to consider: financial results and dividend.

Market cap: ₹64,395 Cr130th largest listed
P/E: 32.7
P/B: 5.6
Dividend yield: 2.27%
ROE: 17.7%
ROCE: 15.9%
Debt to equity: 0.09
Volume, NSE: 11,23,44043.2% delivered

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Dabur India annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings

Peak revenue ₹13,193 Cr, year to Mar 2026

Operating and net margin, per cent

Operating margin
Net margin

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 1.6% of operating profit in the first full year.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue13,193
Materials and goods−6,824
Employee costs−1,376
Other expenses−2,541
Operating profit2,452
Depreciation−469
Other income+600
One-off items−15
Finance costs−145
Profit before tax2,422
Tax−552
Joint ventures−1.8
Net profit1,869

What the company owns

Plant, investments and other assets₹9,285 Cr
Current investments₹4,595 Cr
Inventory₹2,322 Cr
Receivables₹715 Cr
Cash and bank₹562 Cr

What pays for it: net worth and liabilities

Net worth₹11,803 Cr
Owed to suppliers₹2,954 Cr
Other liabilities₹1,660 Cr
Borrowings₹1,063 Cr

Dabur India business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them. A segment at a loss has no share of profit.Dabur India segment results by quarter

Revenue by segment

₹13,154 CrTotal

Consumer care business₹10,864 Cr82.6% of total
Food business₹2,016 Cr15.3% of total
Other segments₹167 Cr1.3% of total
Retail business₹107 Cr0.8% of total

Profit by segment

Consumer care business₹2,476 Cr90.4% of total
Food business₹240 Cr8.8% of total
Other segments₹22 Cr0.8% of total

Segment results by year

Consolidated, ₹ crore, years to March.

Consumer care business
Revenue, ₹ crore
7,133
7,381
8,403
9,194
9,262
9,942
10,160
10,864
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
1,748
1,801
2,067
2,218
2,042
2,305
2,271
2,476
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Food business
Revenue, ₹ crore
1,082
985
1,461
1,982
2,179
2,101
2,016
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
140
131
228
314
304
268
240
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Other segments
Revenue, ₹ crore
89
90
94
123
138
123
150
167
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
7
4
7
10
16
12
17
22
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Retail business
Revenue, ₹ crore
124
124
57
77
111
123
115
107
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
4
−2
−10
−4
−1
1
−1
−6
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	8,505	8,678	9,539	10,856	11,492	12,367	12,526	13,154
Company revenue, as in its results	8,533	8,704	9,562	10,889	11,530	12,404	12,563	13,193
Revenue	7,133	7,381	8,403	9,194	9,262	9,942	10,160	10,864
Revenue growth	–	3.5%	13.8%	9.4%	0.7%	7.3%	2.2%	6.9%
Profit	1,748	1,801	2,067	2,218	2,042	2,305	2,271	2,476
Profit growth	–	3.0%	14.7%	7.3%	−8.0%	12.9%	−1.5%	9.0%
Margin	24.5%	24.4%	24.6%	24.1%	22.0%	23.2%	22.4%	22.8%
Return on capital	78.0%	67.8%	75.5%	66.4%	59.3%	67.1%	64.0%	69.1%
Assets	3,406	3,916	4,283	4,931	5,053	5,348	5,707	5,998
Liabilities	1,165	1,258	1,545	1,593	1,610	1,912	2,159	2,416
Capital employed	2,241	2,657	2,738	3,339	3,443	3,436	3,548	3,582
Revenue	–	1,082	985	1,461	1,982	2,179	2,101	2,016
Revenue growth	–	–	−9.0%	48.4%	35.6%	9.9%	−3.6%	−4.0%
Profit	–	140	131	228	314	304	268	240
Profit growth	–	–	−6.6%	74.6%	37.4%	−3.2%	−11.8%	−10.5%
Margin	–	12.9%	13.3%	15.6%	15.8%	13.9%	12.7%	11.9%
Return on capital	–	27.3%	21.5%	34.9%	36.3%	31.1%	26.6%	25.0%
Assets	–	885	959	1,069	1,345	1,584	1,793	1,803
Liabilities	–	373	353	414	482	607	787	844
Capital employed	–	513	607	654	863	976	1,006	959
Revenue	89	90	94	123	138	123	150	167
Revenue growth	–	1.2%	4.5%	–	11.5%	−10.7%	–	11.4%
Profit	7	4	7	10	16	12	17	22
Profit growth	–	−42.6%	75.2%	–	67.7%	−26.0%	–	32.6%
Margin	8.2%	4.6%	7.8%	7.7%	11.6%	9.6%	11.2%	13.3%
Return on capital	22.0%	12.9%	30.4%	18.7%	36.5%	32.0%	45.6%	43.7%
Assets	47	49	44	74	72	67	69	87
Liabilities	14	16	20	23	28	30	32	35
Capital employed	33	32	24	51	44	37	37	51
Revenue	124	124	57	77	111	123	115	107
Revenue growth	–	0.0%	−53.9%	–	–	–	–	–
Profit	4	−2	−10	−4	−1	1	−1	−6
Margin	3.3%	−1.5%	−17.3%	−4.8%	−1.1%	1.0%	−0.7%	−6.0%
Return on capital	13.2%	−9.1%	−298.5%	–	–	–	–	−58.0%
Assets	63	141	110	91	106	121	105	113
Liabilities	32	120	107	98	121	143	138	102
Capital employed	31	21	3	−7	−15	−22	−32	11
Revenue	1,159	–	–	–	–	–	–	–
Profit	175	–	–	–	–	–	–	–
Margin	15.1%	–	–	–	–	–	–	–
Return on capital	44.6%	–	–	–	–	–	–	–
Assets	847	–	–	–	–	–	–	–
Liabilities	454	–	–	–	–	–	–	–
Capital employed	393	–	–	–	–	–	–	–
Revenue	28	26	22	33	38	37	37	39
Profit	0	0	0	0	0	0	0	0
Assets	4,073	4,364	5,450	6,119	7,078	8,003	8,558	9,479
Liabilities	1,109	945	1,122	1,735	1,972	2,128	1,907	2,279

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March.Dabur India quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019Filed 3 May	Mar 2020Filed 28 May	Mar 2021Filed 8 May	Mar 2022Filed 6 May	Mar 2023Filed 6 May	Mar 2024Filed 3 May	Mar 2025Filed 10 Jun	Mar 2026Filed 7 May
Revenue from operations	7,701	7,748	8,533	8,704	9,562	10,889	11,530	12,404	12,563	13,193
	6,193	6,131	6,793	6,911	7,559	8,635	9,366	10,004	10,247	10,741
Materials and goods bought	3,843	3,846	4,309	4,360	4,789	5,640	6,269	6,447	6,535	6,824
Employee costs	–	–	938	948	1,033	1,080	1,137	1,240	1,291	1,376
Other expenses	–	–	1,547	1,603	1,737	1,915	1,960	2,317	2,421	2,541
Operating profit before depreciation	1,509	1,617	1,740	1,792	2,003	2,254	2,164	2,400	2,316	2,452
Operating margin	19.6%	20.9%	20.4%	20.6%	20.9%	20.7%	18.8%	19.4%	18.4%	18.6%
Materials, % of revenue	–	–	50.5%	50.1%	50.1%	51.8%	54.4%	52.0%	52.0%	51.7%
Employee costs, % of revenue	–	–	11.0%	10.9%	10.8%	9.9%	9.9%	10.0%	10.3%	10.4%
Other expenses, % of revenue	–	–	18.1%	18.4%	18.2%	17.6%	17.0%	18.7%	19.3%	19.3%
Depreciation and amortisation	143	162	177	220	240	253	311	399	446	469
Operating profit after depreciation	1,366	1,455	1,563	1,572	1,763	2,001	1,853	2,001	1,871	1,983
Other income	298	305	296	305	325	393	445	482	550	600
Finance costs	54	53	60	50	31	39	78	124	164	145
Profit before one-off items and tax	1,610	1,707	1,799	1,828	2,057	2,355	2,220	2,359	2,257	2,437
One-off items	0	−15	75	−100	0	−85	0	0	0	−15
Profit before tax	1,610	1,693	1,875	1,728	2,057	2,270	2,220	2,359	2,257	2,422
	330	335	279	280	361	526	517	547	517	552
Current tax	311	371	407	465	505	442	482	540	499	537
Deferred tax	19	−36	−128	−186	−144	84	36	8	18	14
Share of profit of joint ventures and associates	0	0	1	0	−1	−2	−2	−1	1	−2
	1,277	1,358	1,597	1,448	1,695	1,742	1,701	1,811	1,740	1,869
Belonging to the company's shareholders	1,277	1,358	1,442	1,445	1,693	1,739	1,707	1,843	1,768	1,895
Belonging to outside owners of subsidiaries	–	–	–	3	2	3	−6	−31	−27	−26
Other comprehensive income	–	–	3	104	−88	−88	−225	−92	89	119
Total comprehensive income	–	–	1,600	1,552	1,607	1,654	1,476	1,719	1,830	1,987
Net margin	16.6%	17.5%	18.7%	16.6%	17.7%	16.0%	14.8%	14.6%	13.9%	14.2%
Net margin without joint ventures and associates	16.6%	17.5%	18.7%	16.6%	17.7%	16.0%	14.8%	14.6%	13.8%	14.2%

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2017 and Mar 2018 they do not, so they are left blank.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2019Filed 3 May	Mar 2020Filed 28 May	Mar 2021Filed 8 May	Mar 2022Filed 6 May	Mar 2023Filed 6 May	Mar 2024Filed 3 May	Mar 2025Filed 10 Jun	Mar 2026Filed 7 May
	5,663	6,642	7,700	8,422	9,441	10,303	11,210	11,803
	5,632	6,606	7,664	8,381	8,973	9,866	10,801	11,420
Share capital	177	177	177	177	177	177	177	177
Reserves	5,455	6,429	7,487	8,205	8,796	9,689	10,623	11,242
Belonging to outside owners of subsidiaries	31	36	37	41	468	437	410	383
	524	467	483	1,007	999	1,158	730	1,063
Repayable after a year	26	163	134	390	299	536	304	16
Repayable within a year	498	304	349	617	700	622	426	1,047
	2,660	2,464	2,934	3,323	3,609	3,930	4,318	5,239
Trade payables	1,455	1,482	1,915	2,018	2,187	2,422	2,825	2,954
Other financial liabilities	328	226	239	275	310	349	405	440
Other liabilities	198	240	158	91	67	112	134	79
Provisions	130	166	188	186	214	250	261	310
Tax owed	51	47	85	135	132	175	267	408
	113	248	213	540	604	889	704	438
Other financial liabilities	5	5	1	4	5	6	184	187
Other liabilities	–	0	–	0	144	170	0	–
Provisions	60	63	63	64	64	68	71	79
Deferred tax	23	17	14	82	91	109	144	156
	8,437	9,354	10,847	12,285	13,654	15,123	16,232	17,480
Held for sale or for a demerger	0	0	0	0	–	–	–	–
	4,850	4,474	6,071	7,968	9,405	9,443	9,700	8,594
Plant in use, after depreciation	1,548	1,821	1,812	1,968	2,238	2,561	2,800	2,840
Plant being built	64	147	147	168	175	209	166	137
Intangible assets	33	44	45	40	889	803	741	650
Goodwill	336	336	336	251	405	405	405	405
Intangible assets being developed	–	0	0	0	–	23	3	1
Property held to earn rent	52	52	51	49	47	45	44	43
Investments	2,633	1,409	3,414	5,356	5,521	5,259	5,372	4,331
Stakes in joint ventures and associates	–	0	0	9	8	7	8	21
Loans given	18	25	22	0	0	0	0	0
Other financial assets	88	528	89	23	30	21	21	26
Deferred tax	1	22	18	1	2	6	3	0
Other assets	78	90	138	103	90	103	137	140
	3,586	4,880	4,776	4,317	4,249	5,680	6,532	8,886
Inventories	1,301	1,380	1,734	1,911	2,024	1,947	2,300	2,322
Trade receivables	834	814	562	646	849	899	889	715
Cash and cash equivalents	108	164	241	256	147	248	184	199
Other bank balances	220	647	1,088	314	179	419	394	363
Current investments	725	1,391	746	855	736	1,667	2,088	4,595
Loans given	11	13	14	0	0	0	0	0
Other financial assets	26	3	3	36	29	43	44	42
Tax paid in advance	1	1	0	1	6	0	3	5
Other assets	360	468	387	297	278	458	632	644
Net debt	−529	−1,735	−1,592	−417	−63	−1,175	−1,935	−4,095

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021Filed 8 May	Mar 2022Filed 6 May	Mar 2023Filed 6 May	Mar 2024Filed 3 May	Mar 2025Filed 10 Jun	Mar 2026Filed 7 May
	2,057	1,802	1,488	2,013	1,987	2,579
	2,057	2,190	1,983	2,507	2,391	2,977
	–	−97	−131	141	3	352
Receivables	–	−78	−191	−55	12	177
Inventories	–	−177	−96	77	−353	−22
Payables	–	108	141	217	407	128
Other working capital	–	51	14	−98	−64	69
Tax paid	–	0	−494	−494	−405	−399
Capital spending	–	5	509	564	570	420
Free cash flow	2,057	1,797	979	1,450	1,417	2,158
	–	−1,275	−587	−972	−449	−1,285
Plant and property sold	–	−374	23	3	30	21
Companies bought	–	0	−481	0	0	0
Interest received	–	367	394	387	399	299
	–	−490	−1,035	−1,161	−1,405	−1,236
Borrowings raised	–	541	50	631	638	957
Borrowings repaid	–	0	−1	−678	−855	−578
Interest paid	–	−22	−78	−107	−165	−140
Lease payments	–	−37	−36	−42	−49	−55
Dividends paid	–	972	921	966	975	1,419
Shares bought back	–	0	0	0	0	0
Shares issued	–	0	0	0	0	0
Net change in cash	2,057	36	−133	−119	132	58

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.Dabur India dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019Filed 3 May	Mar 2020Filed 28 May	Mar 2021Filed 8 May	Mar 2022Filed 6 May	Mar 2023Filed 6 May	Mar 2024Filed 3 May	Mar 2025Filed 10 Jun	Mar 2026Filed 7 May
Earnings per share	₹7.25	₹7.69	₹8.17	₹8.18	₹9.58	₹9.84	₹9.64	₹10.40	₹9.97	₹10.69
Diluted earnings per share	₹7.21	₹7.66	₹8.14	₹8.15	₹9.55	₹9.81	₹9.61	₹10.38	₹9.95	₹10.66
Dividend per share	₹2.25	₹7.50	₹2.75	₹3.00	₹4.75	₹5.20	₹5.20	₹5.50	₹8.00	₹8.25
Book value per share	–	–	₹31.88	₹37.38	₹43.36	₹47.41	₹50.64	₹55.68	₹60.94	₹64.38
Dividend payout	31.0%	97.3%	33.7%	36.7%	49.6%	52.9%	54.0%	52.9%	80.2%	77.2%
Shareholder yield	–	–	–	–	–	1.0%	1.0%	1.0%	1.1%	1.9%
Market cap at the year end (₹ crore)	48,856	57,848	72,206	79,527	95,529	94,792	96,543	92,704	89,768	72,801

Ratios

Consolidated, years to March.Dabur India PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019Filed 3 May	Mar 2020Filed 28 May	Mar 2021Filed 8 May	Mar 2022Filed 6 May	Mar 2023Filed 6 May	Mar 2024Filed 3 May	Mar 2025Filed 10 Jun	Mar 2026Filed 7 May
Revenue growth	−8.9%	0.6%	10.1%	2.0%	9.9%	13.9%	5.9%	7.6%	1.3%	5.0%
Operating profit growth	−0.7%	7.2%	7.6%	3.0%	11.7%	12.5%	−4.0%	10.9%	−3.5%	5.8%
Net profit growth	1.9%	6.3%	17.6%	−9.3%	17.1%	2.8%	−2.4%	6.5%	−3.9%	7.4%
Earnings per share growth	1.7%	6.1%	6.2%	0.1%	17.1%	2.7%	−2.0%	7.9%	−4.1%	7.2%
	–	–	25.6%	23.6%	23.7%	21.7%	19.7%	19.6%	17.1%	17.1%
	–	–	–	−2.0 pts	0.1 pts	−2.1 pts	−2.0 pts	−0.1 pts	−2.5 pts	0.0 pts
From the net margin	–	–	–	−0.5 pts	1.6 pts	−2.3 pts	−1.6 pts	0.1 pts	−1.0 pts	0.4 pts
From asset turnover	–	–	–	−0.8 pts	−0.8 pts	−0.1 pts	−1.1 pts	−0.6 pts	−1.3 pts	−0.4 pts
From borrowing	–	–	–	−0.7 pts	−0.6 pts	0.4 pts	0.7 pts	0.4 pts	−0.1 pts	0.0 pts
Return on capital employed	–	–	25.3%	22.1%	21.5%	21.2%	17.7%	17.5%	15.7%	15.4%
Cash conversion	–	–	–	–	121.4%	103.4%	87.5%	111.2%	114.2%	138.0%
Interest cover	25.3	27.4	26.2	31.7	57.2	51.8	23.7	16.1	11.4	13.6
Debt to equity	–	–	0.09	0.07	0.06	0.12	0.11	0.11	0.07	0.09
Receivable days	–	–	36	34	21	22	27	26	26	20
Inventory days	–	–	110	115	132	124	118	110	128	124
Payable days	–	–	123	124	146	131	127	137	158	158
Cash conversion cycle, days	–	–	23	26	8	15	17	0	−4	−14
Working capital days	–	–	16	22	4	6	9	1	−1	−13
Asset turnover	–	–	1.01	0.98	0.95	0.94	0.89	0.86	0.80	0.78
Assets per rupee of net worth	–	–	1.50	1.45	1.42	1.44	1.49	1.53	1.52	1.52
Sales per rupee of plant	–	–	5.51	4.78	5.28	5.53	5.15	4.84	4.49	4.65
Capital spending to depreciation	–	–	–	–	–	0.02	1.64	1.41	1.28	0.90
Plant being built, % of plant in use	–	–	4.1%	8.0%	8.1%	8.5%	7.8%	8.2%	5.9%	4.8%

No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: 11.2%
Cash from operations against operating profit: 105.2%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	4.6%	6.6%	4.6%
Profit growth, yearly rate	4.2%	2.3%	3.5%
Return on equity, average	–	19.0%	17.9%
Return on capital employed, average	–	17.5%	16.2%
Operating margin, average	19.8%	19.2%	18.8%
Net margin, average	16.1%	14.7%	14.2%
Asset turnover, average	–	0.86	0.82
Cash conversion cycle, days, average	–	3	−6
Interest cover, average	28.5	23.3	13.7
Debt to equity, average	–	0.10	0.09

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	9,870	6,579	2,579
Cash from investing	−4,568	−2,706	−1,285
Cash from financing	−5,328	−3,802	−1,236
Capital spending	2,068	1,554	420
Dividends paid	5,253	3,360	1,419
Shares bought back	0	0	0
Shares issued for cash	1	0	0
Borrowings raised	2,817	2,226	957
Borrowings repaid	2,113	2,112	578

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	6	3	3	5	5	7
Altman Z-scorePublished threshold 1.81	–	–	18.42	20.43	20.90	17.26	16.11	13.94	13.07	10.08
Beneish M-scorePublished threshold −1.78	–	–	–	–	−3.07	−2.51	−1.57	−2.58	−2.59	−2.95
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	–	10.51	6.16	5.35	1.29	3.41
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	1.04	1.01	1.04	1.21
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	−4.36	−40.86	1.18	25.47	−1.69	−2.42	−24.49
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	4.89	15.88	−7.55	−5.25	−6.66	16.77	−3.49
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	0.96	−0.84	−0.51	−0.18	1.51	1.41	0.10
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	0.30	0.64	0.41	0.30	0.29	0.24	0.27
Effective tax ratePublished threshold 17.16 per cent	20.51	19.81	14.86	16.19	17.55	23.18	23.30	23.20	22.92	22.78
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	23.18	1.03	2.27	5.00	6.31

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
12 Mar 2026	ICRA Limited (opens in a new tab)	Fund-based-Others	[ICRA]AAA /[ICRA]A1+Review, Re-affirm	Stable	854.75
12 Mar 2026	ICRA Limited (opens in a new tab)	Non Convertible Debentures	[ICRA]AAAReview, Re-affirm	Stable	250
12 Mar 2026	ICRA Limited (opens in a new tab)	Interchangeable limits-Others	[ICRA]A1+Review, Re-affirm		175
12 Mar 2026	ICRA Limited (opens in a new tab)	Unallocated limits-Unallocated limits	[ICRA]AAA /[ICRA]A1+Review, Re-affirm	Stable	145.25
20 Nov 2025	CRISIL Ratings Limited (opens in a new tab)	Bank Facilities	Crisil A1+Review, Re-affirm		32.50
20 Nov 2025	CRISIL Ratings Limited (opens in a new tab)	Commercial Paper	Crisil A1+Review, Re-affirm		200
20 Nov 2025	CRISIL Ratings Limited (opens in a new tab)	Non Convertible Debentures	Crisil AAAReview, Re-affirm	Stable	20
20 Nov 2025	CRISIL Ratings Limited (opens in a new tab)	Bank Facilities	Crisil AAAReview, Re-affirm	Stable	9.16

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.