Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 28.9% | 30.6% | 29.6% | 27.7% |
| EBITDA margin % | 10.4% | 10.9% | 8.8% | 6.4% |
| EBIT margin % | 9.3% | 9.9% | 7.2% | 3.9% |
| PAT margin % | 7% | 7.2% | 4.9% | 1.6% |
| Working capital | ||||
| Receivable days | 66 | 68 | 73 | 85 |
| Inventory days | 79 | 75 | 112 | 106 |
| Payable days | 83 | 75 | 118 | 105 |
| NWC days | 62 | 69 | 67 | 86 |
| Leverage | ||||
| Current ratio | 1.72 | 1.74 | 1.16 | 1.16 |
| Debt to EBITDA | 0.05 | 0.56 | 1.89 | 3.5 |
| Debt to equity | 0.02 | 0.21 | 0.61 | 1.1 |
| Interest coverage | 25.7 | 20.4 | 9.1 | 2.2 |
| Asset turnover | 1.91 | 1.77 | 1.29 | 1.33 |
| Return ratios | ||||
| Return on assets % | 13.3% | 12.7% | 6.4% | 2.2% |
| Return on capital employed % | 33.4% | 34.3% | 22.7% | 13.5% |
| Return on equity % | 24.8% | 24.5% | 18.1% | 8% |
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.