Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 27.3% | 27% | — | — |
| EBITDA margin % | 10.9% | 10.3% | 9.5% | 9% |
| EBIT margin % | 9.3% | 8% | 7.4% | 6.8% |
| PAT margin % | 7.1% | 5.6% | 4.7% | 1.7% |
| Working capital | ||||
| Receivable days | 71 | 65 | 75 | — |
| Inventory days | 38 | 58 | 23 | — |
| Payable days | — | — | — | — |
| NWC days | — | — | — | — |
| Leverage | ||||
| Current ratio | 1.52 | 1.39 | 1.52 | — |
| Debt to EBITDA | 1.12 | 1.48 | 1.48 | — |
| Debt to equity | 0.38 | 0.45 | 0.46 | — |
| Interest coverage | 9.7 | 4.3 | 4.3 | 4 |
| Asset turnover | 1.46 | 1.29 | 1.56 | — |
| Return ratios | ||||
| Return on assets % | 10.4% | 7.2% | 7.3% | — |
| Return on capital employed % | 26.8% | 22.8% | 22.2% | — |
| Return on equity % | 22% | 16.6% | 15.5% | — |
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.