Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 24.7% | 28.1% | 28.4% |
| EBITDA margin % | 12.2% | 15.4% | 15.9% |
| EBIT margin % | 9.5% | 12.9% | 14% |
| PAT margin % | 6.5% | 9.5% | 10.1% |
| Working capital | |||
| Receivable days | 33 | 27 | 16 |
| Inventory days | 39 | 82 | 28 |
| Payable days | 46 | 65 | 89 |
| NWC days | 27 | 44 | -45 |
| Leverage | |||
| Current ratio | 2.32 | 2.77 | 1.38 |
| Debt to EBITDA | 1.14 | 0.5 | 0.96 |
| Debt to equity | 0.38 | 0.15 | 0.37 |
| Interest coverage | 6.2 | 10 | 13.6 |
| Asset turnover | 1.48 | 1.33 | 1.23 |
| Return ratios | |||
| Return on assets % | 9.6% | 12.7% | 12.4% |
| Return on capital employed % | 23.5% | 34.4% | 36.5% |
| Return on equity % | 17.7% | 18.8% | 24.3% |
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.