Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 27% | 28.3% | 35.1% | 31.5% | 33.5% |
| EBITDA margin % | 8.9% | 10.7% | 17.2% | 13.3% | 14.7% |
| EBIT margin % | 6.6% | 8.6% | 14.7% | 10.5% | 12.1% |
| PAT margin % | 5% | 6.6% | 11.8% | 8.4% | 9.6% |
| Working capital | |||||
| Receivable days | 17 | 17 | 18 | 14 | 14 |
| Inventory days | 22 | 18 | 17 | 18 | 18 |
| Payable days | 13 | 13 | 12 | 11 | 9 |
| NWC days | 27 | 23 | 23 | 21 | 23 |
| Leverage | |||||
| Current ratio | 1.85 | 1.99 | 2.61 | 2.63 | 2.51 |
| Debt to EBITDA | 0.86 | 0.54 | 0.23 | 0.38 | 0.45 |
| Debt to equity | 0.15 | 0.12 | 0.07 | 0.09 | 0.11 |
| Interest coverage | 19 | 22 | 45.3 | 27.1 | 32.8 |
| Asset turnover | 1.48 | 1.58 | 1.53 | 1.44 | 1.37 |
| Return ratios | |||||
| Return on assets % | 7.4% | 10.4% | 18% | 12.1% | 13.1% |
| Return on capital employed % | 12.8% | 18.9% | 31.1% | 21% | 23.5% |
| Return on equity % | 9.7% | 13.4% | 22% | 14.9% | 16.1% |
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.