Standalone figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 22.4% | 22.7% |
| EBITDA margin % | 14.9% | 15% |
| EBIT margin % | 9.5% | 10.7% |
| PAT margin % | 5% | 5.5% |
| Working capital | ||
| Receivable days | — | 22 |
| Inventory days | 213 | 240 |
| Payable days | — | 3 |
| NWC days | — | 259 |
| Leverage | ||
| Current ratio | 2.89 | 3.24 |
| Debt to EBITDA | — | 1.75 |
| Debt to equity | — | 0.49 |
| Interest coverage | 3.5 | 3.4 |
| Asset turnover | 1.27 | 1.19 |
| Return ratios | ||
| Return on assets % | 6.3% | 6.5% |
| Return on capital employed % | 16% | 17.4% |
| Return on equity % | — | 10.2% |
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.