Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 14% | 12.9% | 10.9% | 11.8% |
| EBITDA margin % | 8.6% | 7% | 4.6% | 6.1% |
| EBIT margin % | 8.2% | 6.5% | 3.9% | 5.3% |
| PAT margin % | 5.8% | 4.2% | 2.4% | 4% |
| Working capital | ||||
| Receivable days | 58 | 68 | 63 | 67 |
| Inventory days | 40 | 41 | 45 | 64 |
| Payable days | 55 | 48 | 37 | 51 |
| NWC days | 43 | 62 | 71 | 80 |
| Leverage | ||||
| Current ratio | 2.04 | 3.11 | 3.77 | 3.03 |
| Debt to EBITDA | 0.06 | 0.14 | 0 | 0 |
| Debt to equity | 0.02 | 0.02 | 0 | 0 |
| Interest coverage | 7 | 5.3 | 4.2 | 8.7 |
| Asset turnover | 2.49 | 1.83 | 1.99 | 1.84 |
| Return ratios | ||||
| Return on assets % | 14.5% | 7.6% | 4.7% | 7.4% |
| Return on capital employed % | 36.4% | 21.4% | 11.4% | 15.3% |
| Return on equity % | 24.1% | 10.7% | 6.4% | 10.6% |
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.