Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 78.9% | 77.5% | 74.5% | 76.7% |
| EBITDA margin % | 40.2% | 42.4% | ||
| 42.2% |
| 35.7% |
| EBIT margin % | 33.9% | 37.2% | 37.7% | 28.6% |
| PAT margin % | 27.9% | 30% | 31.1% | 25% |
| Working capital | ||||
| Receivable days | — | 125 | 159 | 159 |
| Inventory days | — | 331 | 286 | 483 |
| Payable days | — | 150 | 135 | 150 |
| NWC days | — | 306 | 310 | 492 |
| Leverage | ||||
| Current ratio | — | 6.3 | 6.17 | 7.45 |
| Debt to EBITDA | — | 0.01 | 0 | 0 |
| Debt to equity | — | 0 | 0 | 0 |
| Interest coverage | 72 | 161.5 | 936.6 | 1,543.2 |
| Asset turnover | — | 0.6 | 0.59 | 0.47 |
| Return ratios | ||||
| Return on assets % | — | 17.9% | 18.3% | 11.8% |
| Return on capital employed % | — | 26.4% | 29.1% | 18.1% |
| Return on equity % | — | 20% | 20.6% | 13% |
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.