Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 22.2% | 46.6% | 40.7% | 35.9% | 32.3% |
| EBITDA margin % | |||||
| 9.7% |
| 19.9% |
| 16.3% |
| 13.7% |
| 11.6% |
| EBIT margin % | 6.5% | 13.6% | 10.7% | 7.3% | 5.7% |
| PAT margin % | 5.1% | 10.5% | 5.1% | 6.4% | 5.2% |
| Working capital | |||||
| Receivable days | 8 | 19 | 28 | 24 | 24 |
| Inventory days | 50 | 166 | 225 | 162 | 131 |
| Payable days | 28 | 66 | 59 | 45 | 39 |
| NWC days | 30 | 119 | 194 | 141 | 116 |
| Leverage | |||||
| Current ratio | 0.92 | 1.77 | 1.75 | 1.61 | 1.25 |
| Debt to EBITDA | 0.28 | 0.1 | 1.15 | 0.39 | 0.33 |
| Debt to equity | 0.06 | 0.02 | 0.22 | 0.06 | 0.05 |
| Interest coverage | 8.8 | 8.9 | 9.6 | 5.7 | 5.9 |
| Asset turnover | 1.26 | 0.66 | 0.73 | 0.73 | 0.79 |
| Return ratios | |||||
| Return on assets % | 6.5% | 6.9% | 3.7% | 4.7% | 4.1% |
| Return on capital employed % | 15.4% | 17.5% | 15.1% | 10.5% | 9.4% |
| Return on equity % | 12.2% | 10.7% | 5.9% | 7.6% | 6.8% |
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.