Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 87.6% | 88.4% | 88% |
| EBITDA margin % | 32.6% | 33.2% | 31.5% |
| EBIT margin % | 17.7% | 19.2% | 18.4% |
| PAT margin % | 11.2% | 13.4% | 11.3% |
| Working capital | |||
| Receivable days | 15 | 22 | 30 |
| Inventory days | 89 | 101 | 82 |
| Payable days | 192 | 176 | 196 |
| NWC days | -88 | -53 | -84 |
| Leverage | |||
| Current ratio | 1.8 | 1.16 | 1.11 |
| Debt to EBITDA | 1.27 | 0.07 | 0.02 |
| Debt to equity | 0.5 | 0.03 | 0.01 |
| Interest coverage | 4.8 | 6.2 | 4.8 |
| Asset turnover | 0.72 | 0.75 | 0.67 |
| Return ratios | |||
| Return on assets % | 8.1% | 10% | 7.6% |
| Return on capital employed % | 16.1% | 18.7% | 17.3% |
| Return on equity % | 13.5% | 15.6% | 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.