Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 48.4% | 76.2% | 87.5% |
| EBITDA margin % | 40% | 64.7% | 66.6% |
| EBIT margin % |
| 39.7% |
| 64.3% |
| 65.4% |
| PAT margin % | 30.3% | 50.7% | 70.4% |
| Working capital | |||
| Receivable days | 34 | 167 | 597 |
| Inventory days | 285 | 237 | 4,322 |
| Payable days | 18 | 13 | 91 |
| NWC days | 300 | 391 | 4,829 |
| Leverage | |||
| Current ratio | 1.53 | 10.6 | 11.29 |
| Debt to EBITDA | 1.64 | 0.32 | 0.8 |
| Debt to equity | 1.56 | 0.09 | 0.04 |
| Interest coverage | 1,474.1 | 3,774.9 | 1,690.1 |
| Asset turnover | 0.86 | 0.4 | 0.08 |
| Return ratios | |||
| Return on assets % | 26.2% | 20.1% | 5.3% |
| Return on capital employed % | 95.8% | 50.8% | 10.3% |
| Return on equity % | 72.6% | 22.2% | 5.8% |
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.