Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 15.2% | 17.5% | 17.9% |
| EBITDA margin % | 12.3% | 14.5% | 14.2% |
| EBIT margin % | 11.9% | 14% | 13.6% |
| PAT margin % | 7.9% | 9.5% | 8.7% |
| Working capital | |||
| Receivable days | 44 | 93 | — |
| Inventory days | 86 | 118 | 167 |
| Payable days | 39 | 98 | — |
| NWC days | 92 | 113 | — |
| Leverage | |||
| Current ratio | 1.67 | 2.21 | 2.59 |
| Debt to EBITDA | 1.18 | 0.88 | — |
| Debt to equity | 0.4 | 0.22 | — |
| Interest coverage | 7.7 | 8.3 | 5.9 |
| Asset turnover | 1.44 | 0.97 | 0.82 |
| Return ratios | |||
| Return on assets % | 11.4% | 9.2% | 7.1% |
| Return on capital employed % | 27.6% | 29.3% | 18.7% |
| Return on equity % | 21.6% | 16.6% | — |
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.