Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 32.4% | 38.6% | 30.8% |
| EBITDA margin % | 26.4% | 30.2% | 23.2% |
| EBIT margin % |
| 26.2% |
| 29.5% |
| 21.9% |
| PAT margin % | 19.4% | 23% | 0.7% |
| Working capital | |||
| Receivable days | 5 | 19 | 11 |
| Inventory days | 415 | 789 | 589 |
| Payable days | 33 | 40 | 28 |
| NWC days | 387 | 768 | 571 |
| Leverage | |||
| Current ratio | 2.45 | 4.2 | 7.13 |
| Debt to EBITDA | 0.41 | 0.55 | 0.52 |
| Debt to equity | 0.21 | 0.13 | 0.11 |
| Interest coverage | 53.8 | 121.8 | 214.5 |
| Asset turnover | 1.1 | 0.55 | 0.72 |
| Return ratios | |||
| Return on assets % | 21.4% | 12.6% | 0.5% |
| Return on capital employed % | 47.4% | 32.3% | 19.6% |
| Return on equity % | 38% | 17.8% | 0.6% |
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.