Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 38.2% | 39.2% | 23.6% | 24.1% | 27% | 26.3% |
| EBITDA margin % | 22.1% | 24.6% | 7.7% | 9.5% | 12% | 13.2% |
| EBIT margin % | 17.1% | 22% | 4.4% | 6.3% | 8.7% | 9.8% |
| PAT margin % | 14.5% | 17.4% | 4.8% | 5.3% | 7.6% | 7.9% |
| Working capital | ||||||
| Receivable days | — | — | 13 | 50 | 53 | 61 |
| Inventory days | — | — | 88 | 56 | 69 | 93 |
| Payable days | — | — | 58 | 92 | 67 | 114 |
| NWC days | — | — | 43 | 13 | 54 | 39 |
| Leverage | ||||||
| Current ratio | — | — | 1.52 | 2.16 | 1.8 | 1.53 |
| Debt to EBITDA | — | — | 0.81 | 0.16 | 0.26 | 0.25 |
| Debt to equity | — | — | 0.1 | 0.02 | 0.03 | 0.04 |
| Interest coverage | 14.7 | 125.1 | 8.9 | 8.9 | 14.2 | 15.7 |
| Asset turnover | — | — | 1.14 | 0.92 | 0.87 | 0.8 |
| Return ratios | ||||||
| Return on assets % | — | — | 5.5% | 4.8% | 6.6% | 6.3% |
| Return on capital employed % | — | — | 8.1% | 10.5% | 12.1% | 12.5% |
| Return on equity % | — | — | 7.8% | 6.3% | 8.2% | 8.6% |
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.