Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 47.3% | 45.6% | 48.8% | 48.8% |
| EBITDA margin % | 17.2% | 15.8% | ||
| 15.6% |
| 18.9% |
| EBIT margin % | 14.9% | 13.3% | 13% | 16.4% |
| PAT margin % | 12.5% | 11.7% | 3.3% | 14.4% |
| Working capital | ||||
| Receivable days | 78 | 91 | 81 | 85 |
| Inventory days | 197 | 180 | 178 | 166 |
| Payable days | 50 | 66 | 77 | 86 |
| NWC days | 224 | 204 | 182 | 165 |
| Leverage | ||||
| Current ratio | 4.01 | 3.62 | 4.7 | 3.66 |
| Debt to EBITDA | 0.51 | 0.6 | 0.13 | 0.19 |
| Debt to equity | 0.08 | 0.08 | 0.02 | 0.03 |
| Interest coverage | 15.5 | 27.5 | 39.8 | 92.5 |
| Asset turnover | 0.76 | 0.71 | 0.73 | 0.72 |
| Return ratios | ||||
| Return on assets % | 9.5% | 8.3% | 2.4% | 10.4% |
| Return on capital employed % | 16.1% | 14.4% | 13.9% | 17.3% |
| Return on equity % | 11.4% | 10.2% | 2.8% | 12.4% |
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.