Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 26.7% | 27.2% | 27.8% | 27.7% | 27.1% |
| EBITDA margin % | |||||
| 7.6% |
| 6.3% |
| 4.3% |
| 4.6% |
| 4.8% |
| EBIT margin % | 6.1% | 4.4% | 2% | 2.5% | 2.8% |
| PAT margin % | 3.6% | 2.4% | 1.5% | 2.1% | 2.1% |
| Working capital | |||||
| Receivable days | 50 | 61 | 61 | 61 | 53 |
| Inventory days | 58 | 59 | 53 | 58 | 61 |
| Payable days | 45 | 59 | 46 | 52 | 50 |
| NWC days | 63 | 61 | 67 | 67 | 64 |
| Leverage | |||||
| Current ratio | 1.66 | 2.56 | 3.23 | 2.85 | 2.73 |
| Debt to EBITDA | 1.26 | 1.18 | 0.02 | 0.26 | 0.14 |
| Debt to equity | 0.36 | 0.15 | 0 | 0.03 | 0.01 |
| Interest coverage | 4.5 | 3.2 | 3.4 | 5.4 | 5.3 |
| Asset turnover | 2.09 | 1.4 | 1.54 | 1.59 | 1.64 |
| Return ratios | |||||
| Return on assets % | 7.4% | 3.4% | 2.3% | 3.4% | 3.4% |
| Return on capital employed % | 19.8% | 10.8% | 5.7% | 7.4% | 7.5% |
| Return on equity % | 13.4% | 5% | 3% | 4.5% | 4.5% |
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.