Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 29.9% | 26% | 24.9% | 30.2% |
| EBITDA margin % | 18.2% | 15.4% | ||
| 15.5% |
| 19.7% |
| EBIT margin % | 16.9% | 14.3% | 14.7% | 17.8% |
| PAT margin % | 10.6% | 10.1% | 10.6% | 10.9% |
| Working capital | ||||
| Receivable days | — | 135 | 142 | 93 |
| Inventory days | — | 75 | 96 | 195 |
| Payable days | — | 71 | 152 | 138 |
| NWC days | — | 139 | 86 | 150 |
| Leverage | ||||
| Current ratio | — | 2.9 | 1.24 | 0.94 |
| Debt to EBITDA | — | 0.68 | 0.86 | 1.07 |
| Debt to equity | — | 0.14 | 0.29 | 0.57 |
| Interest coverage | 5.7 | 9.9 | 12.3 | 5.5 |
| Asset turnover | — | 0.83 | 0.95 | 0.79 |
| Return ratios | ||||
| Return on assets % | — | 8.3% | 10% | 8.6% |
| Return on capital employed % | — | 17.9% | 33.8% | 47.9% |
| Return on equity % | — | 13.2% | 22.7% | 29.7% |
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.