Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 93.2% | 93.9% | 93.7% |
| EBITDA margin % | 59.4% | 52.8% | 49.4% |
| EBIT margin % | 49.3% | 44% | 44.6% |
| PAT margin % | 34.8% | 23.8% | 35.9% |
| Working capital | |||
| Receivable days | 13 | 22 | 14 |
| Inventory days | 51 | 64 | 49 |
| Payable days | 311 | 433 | 337 |
| NWC days | -246 | -347 | -273 |
| Leverage | |||
| Current ratio | 3.02 | 0.89 | 0.86 |
| Debt to EBITDA | 1.45 | 2.85 | 2.51 |
| Debt to equity | 1.23 | 0.19 | 0.17 |
| Interest coverage | 5.3 | 3.2 | 5.4 |
| Asset turnover | 0.5 | 0.1 | 0.11 |
| Return ratios | |||
| Return on assets % | 17.5% | 2.4% | 4% |
| Return on capital employed % | 30.1% | 10% | 7% |
| Return on equity % | 49.7% | 3% | 4.8% |
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.