Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 28.4% | 28.2% | 27.2% |
| EBITDA margin % | 14.1% | 13.7% | 12.7% |
| EBIT margin % |
| 13.6% |
| 13% |
| 12% |
| PAT margin % | 9.4% | 8.8% | 9.2% |
| Working capital | |||
| Receivable days | 128 | 113 | 246 |
| Inventory days | 115 | 76 | 91 |
| Payable days | 125 | 76 | 192 |
| NWC days | 118 | 113 | 145 |
| Leverage | |||
| Current ratio | 1.48 | 1.56 | 1.84 |
| Debt to EBITDA | 1.2 | 1.42 | 1.75 |
| Debt to equity | 0.5 | 0.57 | 0.28 |
| Interest coverage | 9.7 | 8.7 | 11.2 |
| Asset turnover | 1.28 | 1.42 | 0.69 |
| Return ratios | |||
| Return on assets % | 12% | 12.5% | 6.3% |
| Return on capital employed % | 39.3% | 43.7% | 23.6% |
| Return on equity % | 27.8% | 26% | 11.5% |
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.