Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 61% | 54.2% | 57.3% |
| EBITDA margin % | 13% | 14.8% | 21.5% |
| EBIT margin % | 7.1% | 9.6% | 16.7% |
| PAT margin % | 4.6% | 7.2% | 14% |
| Working capital | |||
| Receivable days | 115 | 99 | 107 |
| Inventory days | 206 | 189 | 197 |
| Payable days | 220 | 204 | 186 |
| NWC days | 101 | 84 | 118 |
| Leverage | |||
| Current ratio | 1.02 | 1.46 | 1.34 |
| Debt to EBITDA | 3.12 | 1.01 | 1.21 |
| Debt to equity | 0.73 | 0.22 | 0.37 |
| Interest coverage | 2.3 | 4.8 | 9.2 |
| Asset turnover | 0.74 | 0.81 | 0.76 |
| Return ratios | |||
| Return on assets % | 3.4% | 5.9% | 10.6% |
| Return on capital employed % | 14.3% | 17.1% | 26.1% |
| Return on equity % | 8.3% | 10.5% | 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.