Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 37.4% | 38.3% | 38.2% |
| EBITDA margin % | 13.6% | 12.8% | 11.5% |
| EBIT margin % | 10.7% | 9.9% | 8.6% |
| PAT margin % | 3.8% | 6.2% | 5.2% |
| Working capital | |||
| Receivable days | 108 | 107 | 103 |
| Inventory days | 273 | 279 | 252 |
| Payable days | 58 | 52 | 44 |
| NWC days | 322 | 334 | 311 |
| Leverage | |||
| Current ratio | 1.52 | 2.89 | 3.07 |
| Debt to EBITDA | 3.53 | 2.02 | 1.76 |
| Debt to equity | 0.56 | 0.18 | 0.16 |
| Interest coverage | 2.2 | 2.7 | 4.1 |
| Asset turnover | 0.67 | 0.55 | 0.62 |
| Return ratios | |||
| Return on assets % | 2.6% | 3.4% | 3.2% |
| Return on capital employed % | 11.6% | 9% | 7.6% |
| Return on equity % | 4.5% | 4.4% | 4.1% |
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.