Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 29.4% | 26.7% | 22.5% | 25.6% | 26.1% | 24% |
| EBITDA margin % | 11.8% | 8.9% | 5.8% | 8.5% | 9.6% | 6.6% |
| EBIT margin % | 9.2% | 6.5% | 3.6% | 6.3% | 7.6% | 4.7% |
| PAT margin % | 5.9% | 6.5% | 3.7% | 5.3% | 7.4% | 6.7% |
| Working capital | ||||||
| Receivable days | 1 | 1 | 1 | 1 | 1 | 1 |
| Inventory days | 24 | 26 | 18 | 60 | 18 | 13 |
| Payable days | 23 | 21 | 20 | 21 | 18 | 19 |
| NWC days | 2 | 5 | -1 | 40 | 0 | -5 |
| Leverage | ||||||
| Current ratio | 1.75 | 1.89 | 1.84 | 2.65 | 3.9 | 2.62 |
| Debt to EBITDA | 0.45 | 0.07 | 0 | 0 | 0.03 | 0 |
| Debt to equity | 0.16 | 0.02 | 0 | 0 | 0.01 | 0 |
| Interest coverage | 15 | 26.2 | 96.8 | 152.3 | 278.2 | 174.4 |
| Asset turnover | 2.03 | 2.09 | 2.32 | 2.23 | 2.18 | 1.93 |
| Return ratios | ||||||
| Return on assets % | 12% | 13.6% | 8.5% | 11.8% | 16.1% | 12.9% |
| Return on capital employed % | 24.8% | 21.9% | 13.2% | 20.8% | 27.1% | 16.3% |
| Return on equity % | 17.9% | 17.4% | 10.8% | 14.8% | 19.3% | 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.