Debt Check · Intermediate · Pro filter
Equity multiplier: what it means and how to read it
Total assets ÷ shareholders' equity. Higher means more of the assets are paid for with borrowed money.
What is Equity multiplier?
Total assets ÷ shareholders' equity. Higher means more of the assets are paid for with borrowed money.
A worked example
Assets of ₹3,000 Cr on equity of ₹1,000 Cr is a multiplier of 3: two of every three rupees of assets are funded by someone other than shareholders.
Why does Equity multiplier matter?
A quick read on how much the company leans on debt.
How do you read Equity multiplier?
Lower is safer. Banks and NBFCs naturally run high.
Lower is usually better.
What is a typical Equity multiplier in India today?
The median across the 5198 listed companies that report it, as of 13 Oct 2026. Half sit above each figure and half below.
By company size
Median
Large Cap · 99 companies2.33
Mid Cap · 153 companies1.94
Small Cap · 4946 companies1.63
By industry
Median, largest industries first
Private Sector Bank · 209.19
Pharmaceuticals · 2031.59
Computers - Software & Consulting · 621.46
Refineries & Marketing · 82.18
Public Sector Bank · 1212.82
Non Banking Financial Company (NBFC) · 732.52
Power Generation · 282.57
Heavy Electrical Equipment · 431.74
Auto Components & Equipments · 1131.79
Cement & Cement Products · 321.98
Compare a company with its own industry before the whole market. Every industry, and each company's rank within it, is in the screener.