Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 66.5% | 64.4% | 64.1% | 65.1% |
| EBITDA margin % | 15.6% | 14.7% | 14.8% | 16.4% |
| EBIT margin % | 12% | 10.5% | 10.5% | 12.3% |
| PAT margin % | 9.4% | 8.8% | 8.9% | 9.3% |
| Working capital | ||||
| Receivable days | 46 | 54 | 59 | 61 |
| Inventory days | 325 | 256 | 227 | 232 |
| Payable days | 70 | 102 | 79 | 98 |
| NWC days | 301 | 207 | 207 | 196 |
| Leverage | ||||
| Current ratio | 4.24 | 3.25 | 4.22 | 4.13 |
| Debt to EBITDA | 0.17 | 0.19 | 0.09 | 0 |
| Debt to equity | 0.02 | 0.03 | 0.01 | 0 |
| Interest coverage | 45 | 29.2 | 62.9 | 149.3 |
| Asset turnover | 0.75 | 0.75 | 0.79 | 0.78 |
| Return ratios | ||||
| Return on assets % | 7.1% | 6.6% | 7% | 7.2% |
| Return on capital employed % | 11.9% | 10.9% | 11.9% | 13.9% |
| Return on equity % | 8.7% | 8.2% | 8.3% | 8.6% |
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.