Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 43.9% | 45.5% | 43.8% |
| EBITDA margin % | 11.8% | 12.9% | 13.3% |
| EBIT margin % | 10.3% | 11.5% | 11.6% |
| PAT margin % | 9.1% | 10.7% | 12.6% |
| Working capital | |||
| Receivable days | 92 | 100 | 113 |
| Inventory days | 120 | 132 | 123 |
| Payable days | 78 | 68 | 71 |
| NWC days | 134 | 164 | 166 |
| Leverage | |||
| Current ratio | 1.8 | 4.2 | 3.42 |
| Debt to EBITDA | 1.11 | 0.53 | 0.59 |
| Debt to equity | 0.19 | 0.06 | 0.07 |
| Interest coverage | 19.9 | 20.8 | 29.8 |
| Asset turnover | 0.99 | 0.74 | 0.74 |
| Return ratios | |||
| Return on assets % | 9% | 7.9% | 9.4% |
| Return on capital employed % | 18.2% | 16.7% | 16% |
| Return on equity % | 13.1% | 9.5% | 11.6% |
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.