Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 88% | 86.5% | 86.2% | 90.3% |
| EBITDA margin % | 28.7% | 34.2% | 35.6% | 36.9% |
| EBIT margin % | 22.1% | 28.2% | 29.2% | 28.4% |
| PAT margin % | 3.4% | 17.2% | 19.6% | 22.4% |
| Working capital | ||||
| Receivable days | 172 | 182 | 179 | 191 |
| Inventory days | 1,042 | 1,055 | 1,097 | 2,090 |
| Payable days | 599 | 396 | 460 | 552 |
| NWC days | 615 | 841 | 816 | 1,729 |
| Leverage | ||||
| Current ratio | 1.91 | 4.3 | 5.3 | 3.29 |
| Debt to EBITDA | 4.15 | 0.32 | 1.48 | 2.07 |
| Debt to equity | 1.47 | 0.06 | 0.17 | 0.29 |
| Interest coverage | 1.3 | 2.7 | 8 | 7.2 |
| Asset turnover | 0.43 | 0.43 | 0.24 | 0.27 |
| Return ratios | ||||
| Return on assets % | 1.4% | 7.3% | 4.8% | 6% |
| Return on capital employed % | 14.9% | 22.5% | 12.4% | 12.2% |
| Return on equity % | 4.2% | 9.1% | 6.2% | 8.5% |
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.