Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 98% | 98% | 98.3% | 98.9% | — |
| EBITDA margin % | 4.6% | 3.4% | 4.4% | 4.5% | 5.3% |
| EBIT margin % | 2.6% | 2.3% | 3.7% | 3.8% | 4.8% |
| PAT margin % | 0.9% | 1.3% | 2.4% | 2.6% | 3.4% |
| Working capital | |||||
| Receivable days | — | 96 | 89 | 87 | 90 |
| Inventory days | — | 225 | 206 | 223 | 2 |
| Payable days | — | 91 | 85 | 96 | 1 |
| NWC days | — | 230 | 210 | 214 | 91 |
| Leverage | |||||
| Current ratio | — | 1.43 | 1.4 | 1.36 | 1.44 |
| Debt to EBITDA | — | 6.62 | 4.37 | 5.21 | 3.97 |
| Debt to equity | — | 1.54 | 1.4 | 1.81 | 1.5 |
| Interest coverage | 1.1 | 1.3 | 1.9 | 2.2 | 2.9 |
| Asset turnover | — | 2.22 | 2.52 | 2.31 | 2.39 |
| Return ratios | |||||
| Return on assets % | — | 2.8% | 6.1% | 6% | 8.1% |
| Return on capital employed % | — | 15.9% | 27.1% | 25.5% | 28.1% |
| Return on equity % | — | 8.6% | 17.6% | 20.1% | 24.1% |
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.