Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 38.5% | 45.3% | 48.4% | 45.3% |
| EBITDA margin % | 16.1% | 16.1% | 24.8% | 27.1% |
| EBIT margin % | 13% | 13.1% | 21.9% | 25.2% |
| PAT margin % | 8.5% | 8.8% | 14.5% | 17.2% |
| Working capital | ||||
| Receivable days | 29 | 33 | 48 | 15 |
| Inventory days | 267 | 568 | 504 | 349 |
| Payable days | 7 | 59 | 13 | 39 |
| NWC days | 289 | 543 | 539 | 325 |
| Leverage | ||||
| Current ratio | 2.82 | 1.62 | 1.67 | 2 |
| Debt to EBITDA | 1.95 | 4.71 | 2.52 | 0.97 |
| Debt to equity | 0.37 | 1.03 | 1.04 | 0.51 |
| Interest coverage | 6 | 3.7 | 4.8 | 9.4 |
| Asset turnover | 0.83 | 0.62 | 0.78 | 1.13 |
| Return ratios | ||||
| Return on assets % | 7% | 5.4% | 11.4% | 19.4% |
| Return on capital employed % | 15.7% | 20.2% | 41.4% | 56.5% |
| Return on equity % | 10% | 11.9% | 24.3% | 33.6% |
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.