Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 24.7% | 26.1% | 26.8% |
| EBITDA margin % | 13.1% | 12.9% | 12.2% |
| EBIT margin % | 9.9% | 9.9% | 9% |
| PAT margin % | 8.7% | 8.1% | 7.7% |
| Working capital | |||
| Receivable days | 12 | 12 | 11 |
| Inventory days | 23 | 25 | 26 |
| Payable days | 51 | 51 | 51 |
| NWC days | -16 | -14 | -14 |
| Leverage | |||
| Current ratio | 1.22 | 1.38 | 1.52 |
| Debt to EBITDA | 0.08 | 0.09 | 0.12 |
| Debt to equity | 0.07 | 0.05 | 0.05 |
| Interest coverage | 52.2 | 59.1 | 68 |
| Asset turnover | 2.67 | 2.3 | 2.06 |
| Return ratios | |||
| Return on assets % | 23.2% | 18.7% | 15.9% |
| Return on capital employed % | 63.8% | 48.2% | 35.8% |
| Return on equity % | 57.9% | 34.8% | 27.5% |
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.