Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 47% | 53% | 48.6% | 54% |
| EBITDA margin % | 16% | 20.3% | 14.6% | 22.6% |
| EBIT margin % | 11.1% | 15.8% | 9.1% | 16% |
| PAT margin % | 9.5% | 14.4% | 9.8% | 15.6% |
| Working capital | ||||
| Receivable days | 69 | 49 | 49 | 53 |
| Inventory days | 265 | 300 | 242 | 238 |
| Payable days | 94 | 67 | 67 | 74 |
| NWC days | 240 | 281 | 224 | 217 |
| Leverage | ||||
| Current ratio | 3.16 | 6.89 | 6.95 | 6.02 |
| Debt to EBITDA | 0.69 | 0.09 | 0 | 0 |
| Debt to equity | 0.09 | 0.01 | 0 | 0 |
| Interest coverage | 10.6 | 62.1 | 113.1 | 156.4 |
| Asset turnover | 0.64 | 0.55 | 0.53 | 0.53 |
| Return ratios | ||||
| Return on assets % | 6.1% | 7.9% | 5.2% | 8.2% |
| Return on capital employed % | 10.7% | 13.4% | 8.1% | 12.9% |
| Return on equity % | 7.7% | 8.7% | 5.7% | 9.1% |
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.