Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 37.7% | 42.2% | 41.5% | 41.3% |
| EBITDA margin % | 15.1% | 17.6% | ||
Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 37.7% | 42.2% | 41.5% | 41.3% |
| EBITDA margin % | 15.1% | 17.6% | ||
| 17.6% |
| 17.1% |
| EBIT margin % | 11.6% | 14.3% | 14.3% | 13.8% |
| PAT margin % | 8.2% | 10.5% | 11.1% | 10.7% |
| Working capital | ||||
| Receivable days | 9 | 12 | 21 | 24 |
| Inventory days | 85 | 81 | 84 | 89 |
| Payable days | 43 | 38 | 34 | 34 |
| NWC days | 50 | 55 | 72 | 79 |
| Leverage | ||||
| Current ratio | 1.13 | 2.95 | 2.62 | 2.04 |
| Debt to EBITDA | 0.52 | 0.37 | 0.39 | 0.14 |
| Debt to equity | 0.27 | 0.11 | 0.12 | 0.04 |
| Interest coverage | 12.9 | 15.3 | 23.7 | 55.2 |
| Asset turnover | 1.89 | 1.27 | 1.3 | 1.38 |
| Return ratios | ||||
| Return on assets % | 15.5% | 13.3% | 14.5% | 14.8% |
| Return on capital employed % | 35.3% | 32.8% | 26.6% | 25.7% |
| Return on equity % | 27.7% | 18.4% | 19.7% | 18.8% |
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.