Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 7.5% | 7.6% | 7.9% | 8.3% | 9% |
| EBITDA margin % | 3.2% | 3.5% | 4.4% | 4.7% | 4.8% |
| EBIT margin % | 3% | 3.3% | 4.2% | 4.6% | 4.7% |
| PAT margin % | 1.7% | 2% | 2.5% | 2.6% | 2.9% |
| Working capital | |||||
| Receivable days | 72 | 72 | 100 | 86 | 104 |
| Inventory days | 62 | 60 | 51 | 51 | 63 |
| Payable days | 94 | 87 | 94 | 81 | 89 |
| NWC days | 41 | 45 | 57 | 56 | 78 |
| Leverage | |||||
| Current ratio | 1.32 | 1.28 | 1.31 | 1.4 | 1.38 |
| Debt to EBITDA | 2.43 | 2.04 | 1.88 | 1.95 | 2.45 |
| Debt to equity | 0.79 | 0.88 | 0.74 | 0.7 | 0.81 |
| Interest coverage | 4.6 | 4.4 | 4.2 | 3.9 | 4.3 |
| Asset turnover | 2.29 | 2.57 | 2.21 | 2.26 | 1.98 |
| Return ratios | |||||
| Return on assets % | 3.9% | 5.1% | 5.6% | 5.9% | 5.7% |
| Return on capital employed % | 26.7% | 42.1% | 49.4% | 43.6% | 40.2% |
| Return on equity % | 17.8% | 24% | 22.9% | 20.1% | 19.8% |
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.