Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 33.8% | 27.3% | 26.3% | 25.2% | 26.2% |
| EBITDA margin % | 18.3% | 16.1% | 11.9% | 8.5% | 6.3% |
| EBIT margin % | 17.1% | 14.9% | 10.7% | 7.1% | 4.7% |
| PAT margin % | 12.7% | 10.2% | 11.9% | 11.4% | 8.7% |
| Working capital | |||||
| Receivable days | 43 | 25 | 33 | 31 | 28 |
| Inventory days | 141 | 92 | 99 | 89 | 97 |
| Payable days | 35 | 38 | 28 | 17 | 30 |
| NWC days | 149 | 79 | 104 | 102 | 94 |
| Leverage | |||||
| Current ratio | 2.75 | 2.22 | 10.47 | 11.51 | 7.14 |
| Debt to EBITDA | 0.39 | 0.63 | 0.36 | 0.26 | 0.02 |
| Debt to equity | 0.21 | 0.24 | 0.02 | 0.01 | 0 |
| Interest coverage | 72.7 | 6.7 | 7.8 | 8.3 | 7.6 |
| Asset turnover | 1.95 | 1.61 | 0.47 | 0.42 | 0.33 |
| Return ratios | |||||
| Return on assets % | 24.9% | 16.5% | 5.6% | 4.8% | 2.9% |
| Return on capital employed % | 49.1% | 42.7% | 15.4% | 7.2% | 4.6% |
| Return on equity % | 36.6% | 24.4% | 6% | 5% | 3% |
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.