Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 84.1% | 89.1% | 93.2% | 90.5% | 89.3% | 91.5% |
| EBITDA margin % | 23.2% | 26.5% | 28.3% | 26.4% | 25.6% | 24% |
| EBIT margin % | 18% | 20.3% | 21% | 19.4% | 18.7% | 15.7% |
| PAT margin % | 13.4% | 15.2% | 16.2% | 17.3% | 14.8% | 12.5% |
| Working capital | ||||||
| Receivable days | 137 | 111 | 97 | 118 | 121 | 128 |
| Inventory days | 182 | 149 | 233 | 238 | 122 | 116 |
| Payable days | 642 | 610 | 763 | 806 | 560 | 584 |
| NWC days | -324 | -349 | -433 | -450 | -317 | -340 |
| Leverage | ||||||
| Current ratio | 1.71 | 2.01 | 2.74 | 2.79 | 2.51 | 2.51 |
| Debt to EBITDA | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 28.5 | 21.3 | 20.1 | 29.5 | 28.2 | 21.9 |
| Asset turnover | 0.74 | 0.8 | 0.85 | 0.8 | 0.75 | 0.75 |
| Return ratios | ||||||
| Return on assets % | 9.9% | 12.1% | 13.8% | 13.8% | 11.1% | 9.4% |
| Return on capital employed % | 20.8% | 24.8% | 25.5% | 25.8% | 21.1% | 16.9% |
| Return on equity % | 15.9% | 17.6% | 18.4% | 18.8% | 15.2% | 12.3% |
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.