Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 37.2% | 48.6% | 50.2% |
| EBITDA margin % | 17.7% | 26% | 31.7% |
| EBIT margin % | 16.2% | 24.6% | 30.5% |
| PAT margin % | 13.5% | 19.9% | 24.7% |
| Working capital | |||
| Receivable days | 46 | 97 | 102 |
| Inventory days | 33 | 38 | 52 |
| Payable days | 64 | 67 | 48 |
| NWC days | 15 | 69 | 107 |
| Leverage | |||
| Current ratio | 1.39 | 6.25 | 4.64 |
| Debt to EBITDA | 0.96 | 0.17 | 0.14 |
| Debt to equity | 0.23 | 0.02 | 0.03 |
| Interest coverage | 17.9 | 29 | 73.1 |
| Asset turnover | 0.93 | 0.42 | 0.52 |
| Return ratios | |||
| Return on assets % | 12.6% | 8.4% | 13% |
| Return on capital employed % | 26.6% | 19.1% | 20.3% |
| Return on equity % | 18.6% | 9.1% | 14.3% |
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.