Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 23.8% | 25.9% | 24.4% | 23.5% | 27.4% |
| EBITDA margin % | 10.8% | 11.7% | 7.2% | 7.8% | 10.9% |
| EBIT margin % | 9.5% | 10.7% | 6% | 6.8% | 9.7% |
| PAT margin % | 6.3% | 5.9% | 7.4% | 8% | 10.9% |
| Working capital | |||||
| Receivable days | 139 | 100 | 144 | 160 | 128 |
| Inventory days | 83 | 178 | 210 | 136 | 140 |
| Payable days | — | 67 | 53 | 82 | 78 |
| NWC days | — | 212 | 301 | 214 | 190 |
| Leverage | |||||
| Current ratio | 1.36 | 3.06 | 5.21 | 3.34 | 3.26 |
| Debt to EBITDA | 2.86 | 2.17 | 0.87 | 0.73 | 0.39 |
| Debt to equity | 0.68 | 0.19 | 0.04 | 0.05 | 0.04 |
| Interest coverage | 3.9 | 3.2 | 17.7 | 25 | 34.2 |
| Asset turnover | 1.03 | 0.51 | 0.56 | 0.7 | 0.8 |
| Return ratios | |||||
| Return on assets % | 6.5% | 3% | 4.2% | 5.6% | 8.7% |
| Return on capital employed % | 22.5% | 12.4% | 6.7% | 9.8% | 15.8% |
| Return on equity % | 13.7% | 4.3% | 4.8% | 7% | 10.9% |
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.