Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | 31.3% | 34.8% | 36.1% | 39.5% | ||
| 38.1% |
| 38% |
| EBITDA margin % | — | 22.9% | 22.8% | 21.1% | 24.6% | 26.6% | 26.6% |
| EBIT margin % | — | 21.6% | 22.1% | 19.6% | 21.9% | 24.3% | 24.4% |
| PAT margin % | 5.3% | -4.3% | 13.5% | 3.5% | 12.3% | 17.3% | 20.1% |
| Working capital | |||||||
| Receivable days | — | — | 2,230 | 30 | 29 | 21 | 22 |
| Inventory days | — | — | 1,73,488 | 1,870 | 2,093 | 1,538 | 1,481 |
| Payable days | — | — | 9,302 | 148 | 176 | 157 | 152 |
| NWC days | — | — | 1,66,416 | 1,752 | 1,947 | 1,402 | 1,351 |
| Leverage | |||||||
| Current ratio | — | — | 1.4 | 1.41 | 1.52 | 1.58 | 1.59 |
| Debt to EBITDA | — | — | 569.23 | 5.56 | 3.73 | 2.23 | 2.77 |
| Debt to equity | — | — | 0.89 | 0.81 | 0.51 | 0.39 | 0.48 |
| Interest coverage | 0.4 | 1.3 | 5 | 3.3 | 4.4 | 5.7 | 5.9 |
| Asset turnover | — | — | 0 | 0.22 | 0.2 | 0.26 | 0.25 |
| Return ratios | |||||||
| Return on assets % | — | — | 0% | 0.8% | 2.4% | 4.5% | 5.1% |
| Return on capital employed % | — | — | 0.1% | 13.4% | 14.5% | 18.2% | 19% |
| Return on equity % | — | — | 0.1% | 2.4% | 6.8% | 11.5% | 13.1% |
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.