Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 37.5% | 38.8% | 32.8% | 29.7% |
| EBITDA margin % | 22.1% | 23.9% | ||
| 16.9% |
| 13.9% |
| EBIT margin % | 21.6% | 23.3% | 16% | 12.8% |
| PAT margin % | 15.5% | 17.2% | 15% | 12.3% |
| Working capital | ||||
| Receivable days | 52 | 65 | 81 | 101 |
| Inventory days | 44 | 36 | 58 | 80 |
| Payable days | 32 | 55 | 68 | 82 |
| NWC days | 64 | 46 | 72 | 99 |
| Leverage | ||||
| Current ratio | 1.78 | 8.19 | 6.09 | 3.59 |
| Debt to EBITDA | 0.34 | 0.02 | 0.04 | 0.03 |
| Debt to equity | 0.3 | 0 | 0.01 | 0 |
| Interest coverage | 25.6 | 35 | 38.7 | 36.3 |
| Asset turnover | 2.38 | 0.68 | 0.75 | 0.83 |
| Return ratios | ||||
| Return on assets % | 36.9% | 11.7% | 11.3% | 10.3% |
| Return on capital employed % | 84.3% | 30.7% | 19% | 17.1% |
| Return on equity % | 62.4% | 13.2% | 13% | 12.3% |
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.