Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 24.8% | 26.9% | 26.8% | 29.8% |
| EBITDA margin % | 14% | 16.1% | 13.7% | 18.7% |
| EBIT margin % | 13.2% | 15.5% | 13% | 17.9% |
| PAT margin % | 8.8% | 10% | 7.3% | 11.7% |
| Working capital | ||||
| Receivable days | 116 | 109 | 76 | 84 |
| Inventory days | 95 | 107 | 137 | 102 |
| Payable days | 103 | 160 | 137 | 112 |
| NWC days | 108 | 56 | 76 | 74 |
| Leverage | ||||
| Current ratio | 1.11 | 1.27 | 1.45 | 1.66 |
| Debt to EBITDA | 0.87 | 0.52 | 0.41 | 0.13 |
| Debt to equity | 0.98 | 0.44 | 0.21 | 0.05 |
| Interest coverage | 3.9 | 5 | 3.9 | 6.2 |
| Asset turnover | 1.51 | 1.56 | 1.55 | 1.23 |
| Return ratios | ||||
| Return on assets % | 13.3% | 15.6% | 11.3% | 14.4% |
| Return on capital employed % | 91.4% | 103.5% | 57.2% | 58.8% |
| Return on equity % | 71.1% | 53.1% | 27.7% | 23% |
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.