Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 18.3% | 18.9% | 17.9% | 18.4% |
| EBITDA margin % | 5.8% | 7% | ||
| 6.4% |
| 8.1% |
| EBIT margin % | 4.7% | 6% | 5.4% | 7.1% |
| PAT margin % | 3.4% | 4.5% | 4.1% | 5% |
| Working capital | ||||
| Receivable days | 39 | 35 | 39 | 37 |
| Inventory days | 69 | 61 | 59 | 81 |
| Payable days | 35 | 29 | 44 | 63 |
| NWC days | 72 | 67 | 54 | 56 |
| Leverage | ||||
| Current ratio | 1.77 | 2.12 | 1.78 | 1.65 |
| Debt to EBITDA | 1.6 | 0.63 | 0.46 | 0.3 |
| Debt to equity | 0.36 | 0.16 | 0.1 | 0.09 |
| Interest coverage | 7.1 | 8.5 | 7.9 | 9.9 |
| Asset turnover | 2.13 | 2.3 | 2.17 | 2.11 |
| Return ratios | ||||
| Return on assets % | 7.2% | 10.4% | 8.8% | 10.6% |
| Return on capital employed % | 19.4% | 26.6% | 22.3% | 30.1% |
| Return on equity % | 13.3% | 16.3% | 14.4% | 19% |
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.