Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 36.2% | 33.8% | 46.6% | 38.9% |
| EBITDA margin % | 19.7% | 19.8% | ||
| 25.9% |
| 23.9% |
| EBIT margin % | 18.6% | 18% | 23.6% | 22.1% |
| PAT margin % | 19% | 15.8% | 19.3% | 17.8% |
| Working capital | ||||
| Receivable days | — | — | — | — |
| Inventory days | 129 | 137 | 167 | 136 |
| Payable days | — | — | — | — |
| NWC days | — | — | — | — |
| Leverage | ||||
| Current ratio | 4.63 | 3.13 | 2.75 | 2.1 |
| Debt to EBITDA | — | — | — | — |
| Debt to equity | — | — | — | — |
| Interest coverage | 15 | 22.3 | 15.6 | 16 |
| Asset turnover | 0.56 | 0.61 | 0.69 | 0.64 |
| Return ratios | ||||
| Return on assets % | 10.6% | 9.6% | 13.3% | 11.4% |
| Return on capital employed % | 15.3% | 20% | 29.7% | 29.7% |
| Return on equity % | — | — | — | — |
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.