Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 30.8% | 42.3% | 36.3% |
| EBITDA margin % | 17.8% | 27.8% | 22.4% |
| EBIT margin % | 16.8% | 27.1% | 21.8% |
| PAT margin % | 11.5% | 18.2% | 15.7% |
| Working capital | |||
| Receivable days | 113 | 177 | 224 |
| Inventory days | 74 | 70 | 44 |
| Payable days | 13 | 35 | 43 |
| NWC days | 174 | 211 | 225 |
| Leverage | |||
| Current ratio | 1.3 | 1.61 | 4.05 |
| Debt to EBITDA | 0.46 | 0.75 | 0.52 |
| Debt to equity | 0.37 | 0.66 | 0.14 |
| Interest coverage | 9.4 | 9.3 | 13.3 |
| Asset turnover | 1.6 | 1.38 | 0.93 |
| Return ratios | |||
| Return on assets % | 18.4% | 25% | 14.6% |
| Return on capital employed % | 70.2% | 113.3% | 40.5% |
| Return on equity % | 52.2% | 57.2% | 18.4% |
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.