Standalone figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 67.5% | 67.9% |
| EBITDA margin % | 25.1% | 23.8% |
| EBIT margin % | 22.2% | 20.9% |
| PAT margin % | 15.6% | 14.4% |
| Working capital | ||
| Receivable days | 170 | 199 |
| Inventory days | 270 | 302 |
| Payable days | 193 | 228 |
| NWC days | 248 | 274 |
| Leverage | ||
| Current ratio | 1.61 | 3.1 |
| Debt to EBITDA | 1.46 | 0.83 |
| Debt to equity | 0.59 | 0.19 |
| Interest coverage | 7.5 | 9.2 |
| Asset turnover | 0.8 | 0.66 |
| Return ratios | ||
| Return on assets % | 12.5% | 9.5% |
| Return on capital employed % | 34.2% | 25% |
| Return on equity % | 25.1% | 13.9% |
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.