Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 25.8% | 26.7% | 26% |
| EBITDA margin % | 7.2% | 9.3% | 9.5% |
| EBIT margin % |
| 4.9% |
| 6.8% |
| 7.6% |
| PAT margin % | 3.4% | 4.8% | 5.7% |
| Working capital | |||
| Receivable days | 49 | 58 | 60 |
| Inventory days | 80 | 83 | 70 |
| Payable days | 102 | 97 | 93 |
| NWC days | 27 | 44 | 38 |
| Leverage | |||
| Current ratio | 1.31 | 1.5 | 1.6 |
| Debt to EBITDA | 1.67 | 1.06 | 0.66 |
| Debt to equity | 0.55 | 0.37 | 0.25 |
| Interest coverage | 4.7 | 6.2 | 10.2 |
| Asset turnover | 1.68 | 1.61 | 1.76 |
| Return ratios | |||
| Return on assets % | 5.7% | 7.7% | 10.1% |
| Return on capital employed % | 18.8% | 22.7% | 27.9% |
| Return on equity % | 15.7% | 18.3% | 22.2% |
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.