Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 90.6% | 93.2% | 95% |
| EBITDA margin % | 39.9% | 43.5% | 51.1% |
| EBIT margin % |
| 37.7% |
| 41.6% |
| 49.9% |
| PAT margin % | 33.2% | 37.2% | 44.5% |
| Working capital | |||
| Receivable days | 11 | 18 | 28 |
| Inventory days | 83 | 112 | 103 |
| Payable days | 8 | 24 | 32 |
| NWC days | 87 | 107 | 99 |
| Leverage | |||
| Current ratio | 4.83 | 6.32 | 7.37 |
| Debt to EBITDA | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 |
| Interest coverage | — | — | 757.3 |
| Asset turnover | 1.03 | 0.76 | 0.6 |
| Return ratios | |||
| Return on assets % | 34.3% | 28.1% | 26.6% |
| Return on capital employed % | 48.5% | 47.6% | 46.3% |
| Return on equity % | 40.2% | 32.4% | 30.3% |
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.