Standalone figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 25.2% | 18% |
| EBITDA margin % | 16.5% | 12.5% |
| EBIT margin % | 15.6% | 12% |
| PAT margin % | 11.6% | 10.6% |
| Working capital | ||
| Receivable days | 79 | 102 |
| Inventory days | 108 | 49 |
| Payable days | 60 | 39 |
| NWC days | 127 | 112 |
| Leverage | ||
| Current ratio | 3.43 | 2.25 |
| Debt to EBITDA | 0.47 | 1.07 |
| Debt to equity | 0.07 | 0.16 |
| Interest coverage | 22 | 23.9 |
| Asset turnover | 0.73 | 0.94 |
| Return ratios | ||
| Return on assets % | 8.5% | 9.9% |
| Return on capital employed % | 15% | 17.8% |
| Return on equity % | 10.1% | 12.6% |
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.