Standalone figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 45.5% | 46.7% |
| EBITDA margin % | 21.3% | 24.1% |
| EBIT margin % | 19.5% | 21.4% |
| PAT margin % | 14.3% | 15.9% |
| Working capital | ||
| Receivable days | 30 | 47 |
| Inventory days | 97 | 194 |
| Payable days | — | 60 |
| NWC days | — | 182 |
| Leverage | ||
| Current ratio | 1.67 | 1.96 |
| Debt to EBITDA | 0.16 | 0.55 |
| Debt to equity | 0.12 | 0.17 |
| Interest coverage | 9.9 | 14.1 |
| Asset turnover | 2.11 | 0.89 |
| Return ratios | ||
| Return on assets % | 30.1% | 14.1% |
| Return on capital employed % | 65.6% | 45.9% |
| Return on equity % | 51.3% | 20.3% |
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.