Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 14.4% | 13.8% | 13.8% | 13.6% |
| EBITDA margin % | 6.2% | 5.2% | ||
| 4.8% |
| 4.9% |
| EBIT margin % | 6.1% | 5% | 4.6% | 4.8% |
| PAT margin % | 5.6% | 4.9% | 4.7% | 5.1% |
| Working capital | ||||
| Receivable days | 57 | 58 | 58 | 50 |
| Inventory days | 72 | 75 | 81 | 69 |
| Payable days | 69 | 74 | 67 | 47 |
| NWC days | 60 | 59 | 72 | 72 |
| Leverage | ||||
| Current ratio | 2.72 | 3.04 | 3.33 | 3.49 |
| Debt to EBITDA | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 |
| Interest coverage | — | — | — | — |
| Asset turnover | 1.61 | 1.53 | 1.5 | 1.64 |
| Return ratios | ||||
| Return on assets % | 9% | 7.5% | 7.1% | 8.3% |
| Return on capital employed % | 16.8% | 14.6% | 13.3% | 14.3% |
| Return on equity % | 12.7% | 10.6% | 9.6% | 10.5% |
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.