Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 21.7% | 19% | 20.6% | 21.7% | 22.6% |
| EBITDA margin % | 11.3% | 8.9% | 9.6% | 7.9% | 8.8% |
| EBIT margin % | 9.9% | 7.9% | 8.8% | 5.9% | 7.1% |
| PAT margin % | 7.3% | 6.2% | 6.8% | 3.7% | 4.8% |
| Working capital | |||||
| Receivable days | 80 | 51 | 66 | 95 | 90 |
| Inventory days | 74 | 62 | 66 | 68 | 86 |
| Payable days | 108 | 47 | 47 | 96 | 89 |
| NWC days | 46 | 66 | 84 | 67 | 87 |
| Leverage | |||||
| Current ratio | 1.44 | 3.62 | 1.94 | 1.53 | 1.55 |
| Debt to EBITDA | 0.83 | 1.11 | 1.78 | 1.55 | 1.31 |
| Debt to equity | 0.43 | 0.16 | 0.31 | 0.29 | 0.29 |
| Interest coverage | 15.7 | 20.1 | 17.7 | 4.5 | 5.2 |
| Asset turnover | 1.8 | 1.22 | 1.16 | 1.3 | 1.35 |
| Return ratios | |||||
| Return on assets % | 13.1% | 7.6% | 7.9% | 4.8% | 6.5% |
| Return on capital employed % | 36.5% | 19.8% | 15.3% | 13% | 18.4% |
| Return on equity % | 33.8% | 10.3% | 12.3% | 8.8% | 12.2% |
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.