Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 23.8% | 28% | 30.2% |
| EBITDA margin % | 8.1% | 9.9% | 11% |
| EBIT margin % |
| 6.9% |
| 8.3% |
| 9.3% |
| PAT margin % | 3.7% | 4.4% | 5.4% |
| Working capital | |||
| Receivable days | 37 | 40 | 41 |
| Inventory days | 191 | 190 | 208 |
| Payable days | 78 | 56 | 53 |
| NWC days | 149 | 174 | 197 |
| Leverage | |||
| Current ratio | 1.5 | 1.49 | 1.42 |
| Debt to EBITDA | 2.74 | 2.67 | 2.78 |
| Debt to equity | 0.76 | 0.84 | 0.96 |
| Interest coverage | 3.1 | 3.2 | 4 |
| Asset turnover | 1.41 | 1.36 | 1.3 |
| Return ratios | |||
| Return on assets % | 5.2% | 5.9% | 7% |
| Return on capital employed % | 21.5% | 24.7% | 28.2% |
| Return on equity % | 12.7% | 13.8% | 16.9% |
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.