Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 22.3% | 25.4% | 26.4% | 27.9% |
| EBITDA margin % | 11.5% | 12.5% | 12.8% | 11.7% |
| EBIT margin % | 10.2% | 11.2% | 11% | 8.8% |
| PAT margin % | 6.7% | 7.9% | 9.3% | 6.5% |
| Working capital | ||||
| Receivable days | 98 | 92 | 95 | 93 |
| Inventory days | 53 | 53 | 72 | 80 |
| Payable days | 81 | 87 | 91 | 105 |
| NWC days | 70 | 58 | 76 | 67 |
| Leverage | ||||
| Current ratio | 1.46 | 2.05 | 1.82 | 1.81 |
| Debt to EBITDA | 2.39 | 2.23 | 2.69 | 2.12 |
| Debt to equity | 0.88 | 0.33 | 0.4 | 0.36 |
| Interest coverage | 5.3 | 7.9 | 56.2 | 8.3 |
| Asset turnover | 1.27 | 0.75 | 0.7 | 0.84 |
| Return ratios | ||||
| Return on assets % | 8.5% | 5.9% | 6.6% | 5.5% |
| Return on capital employed % | 23.1% | 15.8% | 12.1% | 11.5% |
| Return on equity % | 21.4% | 9.4% | 11% | 9.6% |
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.