Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 14% | 15.4% | 16.5% |
| EBITDA margin % | 8.4% | 9.7% | 10.5% |
| EBIT margin % | 7.4% | 7.8% | 8.1% |
| PAT margin % | 5.2% | 5.3% | 6% |
| Working capital | |||
| Receivable days | 27 | 27 | 60 |
| Inventory days | 175 | 142 | 118 |
| Payable days | 31 | 58 | 91 |
| NWC days | 171 | 110 | 87 |
| Leverage | |||
| Current ratio | 1.75 | 1.62 | 1.71 |
| Debt to EBITDA | 4.15 | 2.26 | 2.99 |
| Debt to equity | 0.82 | 0.53 | 0.5 |
| Interest coverage | 4.2 | 5.8 | 4.7 |
| Asset turnover | 1.15 | 1.2 | 0.85 |
| Return ratios | |||
| Return on assets % | 6% | 6.3% | 5.1% |
| Return on capital employed % | 17.5% | 20% | 16.6% |
| Return on equity % | 12.3% | 12.6% | 9.6% |
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.