Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 30.3% | 31.1% | 29.9% | 30.5% |
| EBITDA margin % | 9.3% | 9.7% | 10% | 10.1% |
| EBIT margin % | 7% | 7.7% | 8.2% | 8.3% |
| PAT margin % | 5.3% | 6% | 6.6% | 7% |
| Working capital | ||||
| Receivable days | 30 | 24 | 22 | 26 |
| Inventory days | 31 | 30 | 30 | 36 |
| Payable days | 35 | 42 | 39 | 48 |
| NWC days | 27 | 12 | 13 | 14 |
| Leverage | ||||
| Current ratio | 1.12 | 1.17 | 1.21 | 1.22 |
| Debt to EBITDA | 0.69 | 0.26 | 0.07 | 0.4 |
| Debt to equity | 0.24 | 0.09 | 0.02 | 0.11 |
| Interest coverage | 17.8 | 17 | 25.2 | 23.3 |
| Asset turnover | 2.21 | 2.22 | 2.17 | 1.8 |
| Return ratios | ||||
| Return on assets % | 11.8% | 13.3% | 14.3% | 12.5% |
| Return on capital employed % | 24% | 28% | 28.2% | 25.5% |
| Return on equity % | 19.7% | 20.3% | 20.1% | 18.3% |
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.