Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 75.9% | 67.2% | 65.2% | 65.1% | 64.7% | 66.7% |
| EBITDA margin % | 50.5% | 43.8% | 43% | 42.7% | 43.3% | 43.2% |
| EBIT margin % | 47.2% | 40.2% | 39.2% | 37.2% | 38.5% | 37.8% |
| PAT margin % | 38.7% | 33.4% | 32.4% | 31.4% | 31.7% | 30.8% |
| Working capital | ||||||
| Receivable days | 53 | 82 | 58 | 75 | 73 | 67 |
| Inventory days | 156 | 143 | 122 | 146 | 118 | 137 |
| Payable days | 180 | 166 | 90 | 124 | 83 | 100 |
| NWC days | 29 | 59 | 89 | 97 | 108 | 104 |
| Leverage | ||||||
| Current ratio | 3.87 | 3.81 | 5.11 | 4.9 | 5.69 | 5.94 |
| Debt to EBITDA | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 2,970.9 | 2,033.7 | 2,704 | 399.8 | 1,395.8 | 1,291.8 |
| Asset turnover | 0.78 | 0.74 | 0.81 | 0.58 | 0.57 | 0.46 |
| Return ratios | ||||||
| Return on assets % | 30% | 24.7% | 26.2% | 18.1% | 18.2% | 14.1% |
| Return on capital employed % | 47.9% | 45.2% | 44.2% | 28.9% | 28.5% | 21.2% |
| Return on equity % | 36.7% | 29.7% | 29.8% | 20.4% | 20.1% | 15.3% |
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.