Standalone figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 33.3% | 35.7% |
| EBITDA margin % | 17.6% | 19.3% |
| EBIT margin % | 14.9% | 15.4% |
| PAT margin % | 8% | 9.1% |
| Working capital | ||
| Receivable days | — | 78 |
| Inventory days | 183 | 232 |
| Payable days | — | 160 |
| NWC days | — | 150 |
| Leverage | ||
| Current ratio | 1.21 | 1.48 |
| Debt to EBITDA | — | 2.93 |
| Debt to equity | — | 0.97 |
| Interest coverage | 3.3 | 3.2 |
| Asset turnover | 0.73 | 0.67 |
| Return ratios | ||
| Return on assets % | 5.8% | 6.1% |
| Return on capital employed % | 18.2% | 21.4% |
| Return on equity % | — | 15.5% |
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.