Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | — | — |
| EBITDA margin % | 89.6% | 86.1% | 84.7% |
| EBIT margin % | 57.1% | 53.1% | 50.8% |
| PAT margin % | 19% | 24.2% | 20.6% |
| Working capital | |||
| Receivable days | 131 | 86 | 59 |
| Inventory days | 44 | 32 | 35 |
| Payable days | 109 | 101 | 96 |
| NWC days | 66 | 17 | -1 |
| Leverage | |||
| Current ratio | 0.68 | 2.61 | 0.81 |
| Debt to EBITDA | 4.67 | 4.65 | 5.35 |
| Debt to equity | 1.3 | 0.44 | 0.47 |
| Interest coverage | 1.8 | 2 | 1.9 |
| Asset turnover | 0.11 | 0.07 | 0.06 |
| Return ratios | |||
| Return on assets % | 2% | 1.6% | 1.3% |
| Return on capital employed % | 7.2% | 5.8% | 4% |
| Return on equity % | 5.9% | 2.6% | 2.1% |
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.