Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 92.3% | 94.8% | 97.1% |
| EBITDA margin % | 32.2% | 31.4% | 36.3% |
| EBIT margin % | 15.1% | 13.8% | 15.5% |
| PAT margin % | 9.4% | 10% | 9.7% |
| Working capital | |||
| Receivable days | 112 | 88 | 119 |
| Inventory days | 55 | 46 | 35 |
| Payable days | 0 | 176 | 398 |
| NWC days | 167 | -42 | -245 |
| Leverage | |||
| Current ratio | 1.23 | 1.52 | 1.72 |
| Debt to EBITDA | 1.54 | 1.44 | 1.34 |
| Debt to equity | 0.9 | 0.92 | 0.93 |
| Interest coverage | 4 | 5.6 | 4.6 |
| Asset turnover | 0.67 | 0.63 | 0.55 |
| Return ratios | |||
| Return on assets % | 6.3% | 6.4% | 5.4% |
| Return on capital employed % | 14% | 15.1% | 12.5% |
| Return on equity % | 17% | 20.5% | 18.6% |
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.