Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 27.1% | 24.8% | 23.2% | 20.8% |
| EBITDA margin % | 15.7% | 14.2% | 13.9% | 13% |
| EBIT margin % | 14.9% | 13.3% | 12.9% | 12.4% |
| PAT margin % | 10.6% | 10.5% | 10% | 9.4% |
| Working capital | ||||
| Receivable days | 124 | 93 | 115 | 112 |
| Inventory days | 61 | 77 | 92 | 170 |
| Payable days | 116 | 85 | 123 | 161 |
| NWC days | 69 | 85 | 84 | 121 |
| Leverage | ||||
| Current ratio | 1.51 | 3.13 | 2.33 | 1.44 |
| Debt to EBITDA | 0.43 | 0.02 | 0.01 | 0.95 |
| Debt to equity | 0.32 | 0 | 0 | 0.38 |
| Interest coverage | 16.5 | 17.4 | 38.6 | 22.4 |
| Asset turnover | 1.67 | 1.18 | 1.29 | 0.97 |
| Return ratios | ||||
| Return on assets % | 17.6% | 12.4% | 12.8% | 9.1% |
| Return on capital employed % | 61.7% | 39.9% | 32.5% | 45.3% |
| Return on equity % | 50.1% | 18% | 21.6% | 28.5% |
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.