Standalone figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 22.7% | 19.5% |
| EBITDA margin % | 16% | 14.5% |
| EBIT margin % | 14.9% | 13.4% |
| PAT margin % | 10.6% | 9.2% |
| Working capital | ||
| Receivable days | 58 | 42 |
| Inventory days | 62 | 73 |
| Payable days | 58 | 40 |
| NWC days | 62 | 76 |
| Leverage | ||
| Current ratio | 1.62 | 1.73 |
| Debt to EBITDA | 0.58 | 1.57 |
| Debt to equity | 0.33 | 0.9 |
| Interest coverage | 16.2 | 13.3 |
| Asset turnover | 1.71 | 1.61 |
| Return ratios | ||
| Return on assets % | 18.2% | 14.8% |
| Return on capital employed % | 50.4% | 56% |
| Return on equity % | 38.3% | 36.1% |
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.