Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 67.8% | 66.4% | 68% | 65.8% | 64% | 59% |
| EBITDA margin % | 25% | 20.5% | 19.3% | 9.4% | 8.6% | 13.4% |
| EBIT margin % | 19.6% | 14.7% | 15.1% | 3.3% | 2.2% | 8% |
| PAT margin % | 18.3% | 10.8% | 12% | 4.6% | 2.7% | 5.8% |
| Working capital | ||||||
| Receivable days | — | — | 40 | 39 | 45 | 33 |
| Inventory days | — | — | 260 | 315 | 273 | 123 |
| Payable days | — | — | 42 | 46 | 49 | 35 |
| NWC days | — | — | 258 | 307 | 270 | 121 |
| Leverage | ||||||
| Current ratio | — | — | 4.14 | 4.15 | 4.52 | 5.78 |
| Debt to EBITDA | — | — | 0.08 | 0.23 | 0.13 | 0 |
| Debt to equity | — | — | 0.02 | 0.02 | 0.01 | 0 |
| Interest coverage | 8.4 | 6.3 | 85.8 | 64.1 | 38.2 | 66.4 |
| Asset turnover | — | — | 0.89 | 0.7 | 0.7 | 0.83 |
| Return ratios | ||||||
| Return on assets % | — | — | 10.6% | 3.2% | 1.9% | 4.8% |
| Return on capital employed % | — | — | 16.7% | 4.9% | 4.5% | 8.9% |
| Return on equity % | — | — | 13.5% | 4.1% | 2.4% | 5.9% |
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.