Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 90.4% | 90.6% | 91.1% |
| EBITDA margin % | 26.5% | 23.5% | 23.8% |
| EBIT margin % | 11% | 8.5% | 8.6% |
| PAT margin % | 2.9% | 2.1% | 3.1% |
| Working capital | |||
| Receivable days | 22 | 25 | 23 |
| Inventory days | 135 | 174 | 169 |
| Payable days | 383 | 375 | 313 |
| NWC days | -226 | -176 | -121 |
| Leverage | |||
| Current ratio | 2.28 | 1.85 | 0.99 |
| Debt to EBITDA | 1.5 | 0.59 | 0.23 |
| Debt to equity | 0.27 | 0.08 | 0.04 |
| Interest coverage | 1.6 | 1.6 | 2 |
| Asset turnover | 0.38 | 0.37 | 0.44 |
| Return ratios | |||
| Return on assets % | 1.1% | 0.8% | 1.3% |
| Return on capital employed % | 7.3% | 6.5% | 5.6% |
| Return on equity % | 1.9% | 1.1% | 2% |
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.