Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 15.6% | 18.3% | 20.1% |
| EBITDA margin % | 9% | 12.8% | 15% |
| EBIT margin % | 6.7% | 10.1% | 12.3% |
| PAT margin % | 5.1% | 8% | 9.9% |
| Working capital | |||
| Receivable days | 105 | 134 | 118 |
| Inventory days | 24 | 18 | 24 |
| Payable days | 73 | 73 | 72 |
| NWC days | 56 | 79 | 70 |
| Leverage | |||
| Current ratio | 1.75 | 2.19 | 2.74 |
| Debt to EBITDA | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 |
| Interest coverage | 28 | 53.7 | 75.6 |
| Asset turnover | 0.88 | 0.76 | 0.77 |
| Return ratios | |||
| Return on assets % | 4.5% | 6.1% | 7.6% |
| Return on capital employed % | 7.6% | 10.5% | 13% |
| Return on equity % | 5.7% | 7.6% | 9.3% |
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.