Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 11.3% | 16.1% | 16.4% | 16.3% | 16.2% |
| EBITDA margin % | 6.1% | 10.6% | 11.6% | 12.2% | 12.7% |
| EBIT margin % | 5.9% | 10.3% | 10.8% | 11.1% | 11.6% |
| PAT margin % | 4% | 7.2% | 7.2% | 7.6% | 7.9% |
| Working capital | |||||
| Receivable days | — | 61 | 84 | 81 | 89 |
| Inventory days | — | 110 | 148 | 166 | 126 |
| Payable days | — | 94 | 139 | 103 | 89 |
| NWC days | — | 77 | 92 | 144 | 127 |
| Leverage | |||||
| Current ratio | — | 1.65 | 1.5 | 1.73 | 2.14 |
| Debt to EBITDA | — | 0 | 0.58 | 0.53 | 0.27 |
| Debt to equity | — | 0 | 0.02 | 0.02 | 0.01 |
| Interest coverage | 9.1 | 15.9 | 13 | 14 | 17.7 |
| Asset turnover | — | 0.31 | 0.31 | 0.32 | 0.35 |
| Return ratios | |||||
| Return on assets % | — | 2.2% | 2.2% | 2.4% | 2.8% |
| Return on capital employed % | — | 3.7% | 4% | 4.2% | 4.8% |
| Return on equity % | — | 2.4% | 2.6% | 2.7% | 3.1% |
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.