Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 48.7% | 48% | — | 27% |
| EBITDA margin % | 16.8% | 16.7% | 15.9% | 15.8% |
| EBIT margin % | 14.1% | 15.8% | 15% | 15% |
| PAT margin % | 9.7% | 10.3% | 10.7% | 10.3% |
| Working capital | ||||
| Receivable days | 51 | 49 | — | 107 |
| Inventory days | 41 | 37 | — | 22 |
| Payable days | 39 | 28 | — | 147 |
| NWC days | 53 | 59 | — | -19 |
| Leverage | ||||
| Current ratio | 1.74 | 1.36 | — | 1.3 |
| Debt to EBITDA | 0.32 | 0.14 | — | 1.25 |
| Debt to equity | 0.13 | 0.09 | — | 0.34 |
| Interest coverage | 6.4 | 5.4 | 5.9 | 5.3 |
| Asset turnover | 1.47 | 1.95 | — | 0.77 |
| Return ratios | ||||
| Return on assets % | 14.3% | 20.1% | — | 8% |
| Return on capital employed % | 31% | 61.5% | — | 25.6% |
| Return on equity % | 24.1% | 41% | — | 17.7% |
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.