Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 67.1% | 70.8% | 75% |
| EBITDA margin % | 14.8% | 12.8% | 12.6% |
| EBIT margin % | 13.3% | 11.2% | 11.3% |
| PAT margin % | 9.4% | 8% | 7.9% |
| Working capital | |||
| Receivable days | 60 | 92 | 101 |
| Inventory days | 38 | 38 | 37 |
| Payable days | 123 | 269 | 553 |
| NWC days | -26 | -139 | -415 |
| Leverage | |||
| Current ratio | 1.47 | 1.76 | 1.52 |
| Debt to EBITDA | 1.16 | 1.47 | 0.85 |
| Debt to equity | 0.58 | 0.35 | 0.2 |
| Interest coverage | 7 | 6 | 6 |
| Asset turnover | 1.5 | 0.98 | 0.92 |
| Return ratios | |||
| Return on assets % | 14.1% | 7.8% | 7.2% |
| Return on capital employed % | 42.4% | 29.1% | 24.2% |
| Return on equity % | 31.5% | 15% | 14.5% |
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.