Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | 93.5% | — | 96.9% |
| EBITDA margin % | 44% | 34.9% | ||
Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | 93.5% | — | 96.9% |
| EBITDA margin % | 44% | 34.9% | ||
| 31.8% |
| 25% |
| EBIT margin % | 39.3% | 29.7% | 24.6% | 17.4% |
| PAT margin % | 26.6% | 24.2% | 18.2% | 14.8% |
| Working capital | ||||
| Receivable days | 30 | 43 | 62 | 48 |
| Inventory days | 76 | 532 | 81 | 2,289 |
| Payable days | 43 | 415 | 57 | 1,102 |
| NWC days | 62 | 160 | 86 | 1,234 |
| Leverage | ||||
| Current ratio | 3.36 | 5.66 | 4.48 | 1.41 |
| Debt to EBITDA | 0.03 | 0 | 0.33 | 1.23 |
| Debt to equity | 0.02 | 0 | 0.06 | 0.16 |
| Interest coverage | 6.3 | 45.6 | 32.8 | 12.9 |
| Asset turnover | 0.82 | 0.67 | 0.45 | 0.41 |
| Return ratios | ||||
| Return on assets % | 21.8% | 16.2% | 8.2% | 6% |
| Return on capital employed % | 38.5% | 25.6% | 15.1% | 10.5% |
| Return on equity % | 26.8% | 18.9% | 9.8% | 7.7% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.