Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 47.2% | 47.5% | 46.3% | 40.7% | 44.6% | 57.6% |
| EBITDA margin % | 23.6% | 20.2% | 19.9% | 15.7% | 22.8% | 36.5% |
| EBIT margin % | 22.3% | 18.3% | 17.9% | 13.5% | 20.3% | 34% |
| PAT margin % | 15.9% | 13.8% | 13.5% | 6.4% | 16.1% | 27.7% |
| Working capital | ||||||
| Receivable days | 127 | 113 | 136 | 113 | 107 | 99 |
| Inventory days | 123 | 150 | 131 | 135 | 116 | 147 |
| Payable days | 172 | 158 | 157 | 119 | 104 | 98 |
| NWC days | 78 | 105 | 111 | 129 | 119 | 149 |
| Leverage | ||||||
| Current ratio | 1.28 | 3.3 | 2.87 | 1.76 | 3.88 | 3.62 |
| Debt to EBITDA | 1.7 | 0.01 | 0.03 | 1.88 | 0.03 | 0.05 |
| Debt to equity | 0.83 | 0 | 0.01 | 0.3 | 0 | 0.01 |
| Interest coverage | 13.8 | 15.3 | 47.6 | 18.1 | 37.4 | 161 |
| Asset turnover | 0.83 | 0.79 | 0.81 | 0.64 | 0.64 | 0.68 |
| Return ratios | ||||||
| Return on assets % | 13.2% | 11% | 11% | 4.1% | 10.4% | 18.9% |
| Return on capital employed % | 31.7% | 25.4% | 20.4% | 15.2% | 20.5% | 32.5% |
| Return on equity % | 32.9% | 13.9% | 14.2% | 6.5% | 12.2% | 21.9% |
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.