Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 86.7% | 87.2% | 87% |
| EBITDA margin % | 33.4% | 32.5% | 31.3% |
| EBIT margin % | 24.7% | 22.8% | 21.1% |
| PAT margin % | 11.9% | 14% | 10.5% |
| Working capital | |||
| Receivable days | 21 | 21 | 22 |
| Inventory days | 73 | 525 | 476 |
| Payable days | 207 | 205 | 187 |
| NWC days | -113 | 342 | 311 |
| Leverage | |||
| Current ratio | 0.94 | 1.72 | 1.51 |
| Debt to EBITDA | 0.17 | 0.37 | 0.75 |
| Debt to equity | 0.03 | 0.06 | 0.12 |
| Interest coverage | 2.3 | 10.8 | 5.8 |
| Asset turnover | 0.38 | 0.37 | 0.35 |
| Return ratios | |||
| Return on assets % | 4.5% | 5.2% | 3.7% |
| Return on capital employed % | 11.4% | 11.7% | 9.3% |
| Return on equity % | 5.5% | 6.6% | 5.2% |
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.