India's leading real estate company Omaxe has seen substantial reduction in company's debt levels.

In the last 5 years, the company has seen its debt-equity ratio come down by close to 60%; from 1.15 in 2009-10 to 0.48 in 2013-14.

The present level of debt at Rs 10.49 billion, company officials say is comfortable and aim to maintain at this level. The gross debt level has also come down by approx. Rs 8 billion in this period, a reduction of 40% from the peak debt level. The net worth of the company has grown by 38%; from FY 2009-10 level of Rs 15.82 billion to Rs 21.79 billion as on Mar. 31, 2014.

Shares of the company gained Rs 2.25, or 1.58%, to settle at Rs 145.10. The total volume of shares traded was 262,362 at the BSE (Tuesday).