Standalone figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 72.6% | 74% |
| EBITDA margin % | 23.8% | 27.9% |
| EBIT margin % | 16.1% | 20.8% |
| PAT margin % | 10.6% | 15.9% |
| Working capital | ||
| Receivable days | 78 | 63 |
| Inventory days | 96 | 98 |
| Payable days | 270 | 200 |
| NWC days | -96 | -40 |
| Leverage | ||
| Current ratio | 2.06 | 1.66 |
| Debt to EBITDA | 0.33 | 0.16 |
| Debt to equity | 0.06 | 0.04 |
| Interest coverage | 4.3 | 15.2 |
| Asset turnover | 0.52 | 0.6 |
| Return ratios | ||
| Return on assets % | 5.5% | 9.5% |
| Return on capital employed % | 12.5% | 19.2% |
| Return on equity % | 8% | 13.6% |
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.