Standalone figures
| Ratio | Mar 2022 | Dec 2022 | Mar 2023 | Dec 2023 | Mar 2024 | Dec 2024 | Mar 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 70.7% | 38.1% | 39% | 39.4% | ||||
Standalone figures
| Ratio | Mar 2022 | Dec 2022 | Mar 2023 | Dec 2023 | Mar 2024 | Dec 2024 | Mar 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 70.7% | 38.1% | 39% | 39.4% | ||||
| 40.4% |
| 44.6% |
| 45.1% |
| 42.2% |
| EBITDA margin % | 8.8% | 11.2% | 11.8% | 14.3% | 15.9% | 18.9% | 18.9% | 15.5% |
| EBIT margin % | 7.3% | 10% | 10.6% | 13.1% | 14.8% | 17.9% | 17.9% | 14.4% |
| PAT margin % | 10.3% | 11.9% | 9.9% | 11.9% | 13.1% | 15.4% | 15.4% | 12.6% |
| Working capital | ||||||||
| Receivable days | — | 89 | — | 89 | — | 89 | — | 88 |
| Inventory days | — | 98 | — | 90 | — | 96 | — | 98 |
| Payable days | — | 182 | — | 179 | — | 173 | — | 165 |
| NWC days | — | 5 | — | -0 | — | 13 | — | 21 |
| Leverage | ||||||||
| Current ratio | — | 1.86 | — | 1.93 | — | 2.08 | — | 2.09 |
| Debt to EBITDA | — | 0 | — | 0 | — | 0 | — | 0 |
| Debt to equity | — | 0 | — | 0 | — | 0 | — | 0 |
| Interest coverage | 75.6 | 79.1 | 84.2 | 132 | 137.8 | 153.8 | 147 | 113.1 |
| Asset turnover | — | 0.92 | — | 0.95 | — | 0.98 | — | 0.97 |
| Return ratios | ||||||||
| Return on assets % | — | 10.9% | — | 11.3% | — | 15.1% | — | 12.2% |
| Return on capital employed % | — | 20.9% | — | 27.9% | — | 35.5% | — | 28.5% |
| Return on equity % | — | 20.6% | — | 20.9% | — | 26.5% | — | 21.3% |
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.