Standalone figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 29.8% | 36.4% |
| EBITDA margin % | 18.8% | 22.8% |
| EBIT margin % | 16.2% | 19.4% |
| PAT margin % | 14% | 17.9% |
| Working capital | ||
| Receivable days | 20 | 34 |
| Inventory days | 94 | 108 |
| Payable days | 69 | 63 |
| NWC days | 46 | 78 |
| Leverage | ||
| Current ratio | 1.49 | 1.23 |
| Debt to EBITDA | 0.38 | 0.38 |
| Debt to equity | 0.1 | 0.14 |
| Interest coverage | 19.2 | 27.5 |
| Asset turnover | 0.72 | 0.91 |
| Return ratios | ||
| Return on assets % | 10% | 16.3% |
| Return on capital employed % | 24% | 44.2% |
| Return on equity % | 18.9% | 28.7% |
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.