Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 19.2% | 29.3% | 29.4% | 28.1% |
| EBITDA margin % | 6.3% | 11.6% | ||
| 7.6% |
| 6.1% |
| EBIT margin % | 6% | 11% | 6.1% | 4.6% |
| PAT margin % | 5.3% | 10.4% | 7% | 5.1% |
| Working capital | ||||
| Receivable days | 117 | 132 | 139 | 130 |
| Inventory days | 18 | 13 | 18 | 54 |
| Payable days | 41 | 45 | 49 | 38 |
| NWC days | 94 | 99 | 109 | 146 |
| Leverage | ||||
| Current ratio | 4.47 | 4.89 | 5.3 | 3.41 |
| Debt to EBITDA | 0.19 | 0 | 0.18 | 2.79 |
| Debt to equity | 0.02 | 0 | 0.02 | 0.2 |
| Interest coverage | 118.8 | 106.9 | 68 | 10.5 |
| Asset turnover | 1.6 | 1.12 | 0.96 | 0.88 |
| Return ratios | ||||
| Return on assets % | 8.5% | 11.5% | 6.7% | 4.5% |
| Return on capital employed % | 14.7% | 19.6% | 11.2% | 9.7% |
| Return on equity % | 10.7% | 13.8% | 7.9% | 6.1% |
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.