Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 30.1% | 30% | 28.4% | 27.1% | 26.7% |
| EBITDA margin % | |||||
| 13.4% |
| 15.2% |
| 13.5% |
| 13.2% |
| 13.6% |
| EBIT margin % | 11.6% | 13.5% | 11.8% | 11.8% | 12% |
| PAT margin % | 6.1% | 8.7% | 9.9% | 11% | 11.9% |
| Working capital | |||||
| Receivable days | 103 | 74 | 36 | 95 | 62 |
| Inventory days | 168 | 193 | 189 | 161 | 173 |
| Payable days | 121 | 103 | 76 | 132 | 120 |
| NWC days | 150 | 163 | 150 | 124 | 115 |
| Leverage | |||||
| Current ratio | 1.36 | 3.09 | 5.01 | 2.59 | 4.71 |
| Debt to EBITDA | 1.83 | 0.77 | 1.54 | 2.42 | 1.1 |
| Debt to equity | 0.81 | 0.13 | 0.11 | 0.23 | 0.07 |
| Interest coverage | 3.3 | 4.6 | 4 | 4.1 | 5.8 |
| Asset turnover | 1.1 | 0.78 | 0.43 | 0.49 | 0.39 |
| Return ratios | |||||
| Return on assets % | 6.7% | 6.8% | 4.2% | 5.4% | 4.6% |
| Return on capital employed % | 32.2% | 25.2% | 12.3% | 14.1% | 11.9% |
| Return on equity % | 20.2% | 9.9% | 5.2% | 7.9% | 5.6% |
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.