Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 39.1% | 43.9% | 49.1% | 52% |
| EBITDA margin % | 14.1% | 22.9% | 28.4% | 29% |
| EBIT margin % | 11% | 20.6% | 26.4% | 26.8% |
| PAT margin % | 4.8% | 11.8% | 19.2% | 20.1% |
| Working capital | ||||
| Receivable days | 75 | 72 | 99 | 104 |
| Inventory days | 518 | 433 | 365 | 400 |
| Payable days | 264 | 194 | 178 | 191 |
| NWC days | 328 | 311 | 286 | 313 |
| Leverage | ||||
| Current ratio | 1.15 | 3.34 | 2.76 | 2.9 |
| Debt to EBITDA | 5.35 | 0.34 | 0.43 | 1.04 |
| Debt to equity | 1.29 | 0.05 | 0.1 | 0.24 |
| Interest coverage | 1.7 | 3.8 | 25.5 | 10.8 |
| Asset turnover | 0.52 | 0.52 | 0.57 | 0.52 |
| Return ratios | ||||
| Return on assets % | 2.5% | 6.1% | 11% | 10.5% |
| Return on capital employed % | 19.5% | 20.9% | 22.8% | 23.4% |
| Return on equity % | 8.1% | 8% | 15% | 15.9% |
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.