Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 28.5% | 29.2% | 29.7% |
| EBITDA margin % | 10.8% | 10.9% | 10.5% |
| EBIT margin % |
| 8.9% |
| 9.1% |
| 8.8% |
| PAT margin % | 5.2% | 5.4% | 5.7% |
| Working capital | |||
| Receivable days | 146 | 140 | 124 |
| Inventory days | 181 | 229 | 248 |
| Payable days | 101 | 116 | 97 |
| NWC days | 225 | 253 | 274 |
| Leverage | |||
| Current ratio | 1.61 | 1.58 | 1.85 |
| Debt to EBITDA | 2.6 | 3.45 | 2.42 |
| Debt to equity | 0.67 | 0.8 | 0.37 |
| Interest coverage | 4.1 | 4.1 | 4.1 |
| Asset turnover | 1.02 | 0.87 | 0.83 |
| Return ratios | |||
| Return on assets % | 5.2% | 4.7% | 4.7% |
| Return on capital employed % | 20.2% | 19.9% | 17% |
| Return on equity % | 12.3% | 11.6% | 8.4% |
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.