Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 22.5% | 22.1% | 21.7% |
| EBITDA margin % | 14% | 13.9% | 14% |
| EBIT margin % | 8.7% | 8.9% | 9.4% |
| PAT margin % | 4.9% | 5% | 6.4% |
| Working capital | |||
| Receivable days | 48 | 58 | 60 |
| Inventory days | 46 | 49 | 53 |
| Payable days | 53 | 61 | 74 |
| NWC days | 42 | 46 | 39 |
| Leverage | |||
| Current ratio | 1.37 | 1.34 | 2.1 |
| Debt to EBITDA | 2.6 | 2.89 | 1.1 |
| Debt to equity | 0.98 | 1.03 | 0.23 |
| Interest coverage | 2.6 | 2.9 | 5 |
| Asset turnover | 1.08 | 1.01 | 0.96 |
| Return ratios | |||
| Return on assets % | 5.3% | 5.1% | 6.1% |
| Return on capital employed % | 16.5% | 16.4% | 15.7% |
| Return on equity % | 13.2% | 12.9% | 9.4% |
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.