Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 35.5% | 33.3% | 31.9% | 30.7% | 29.8% |
| EBITDA margin % | 31.4% | 29% | 27.1% | 26.3% | 21.2% |
| EBIT margin % | 30.8% | 28.5% | 26.3% | 25.4% | 19.9% |
| PAT margin % | 22.3% | 21.3% | 20.9% | 19.4% | 14.6% |
| Working capital | |||||
| Receivable days | 137 | 55 | 121 | 146 | 223 |
| Inventory days | 85 | 116 | 66 | 27 | 173 |
| Payable days | 67 | 16 | 5 | 7 | 22 |
| NWC days | 155 | 155 | 182 | 166 | 374 |
| Leverage | |||||
| Current ratio | 3.68 | 6.53 | 8.8 | 9.41 | 6.15 |
| Debt to EBITDA | 0.02 | 0 | 0.01 | 0.05 | 0.6 |
| Debt to equity | 0 | 0 | 0 | 0.01 | 0.07 |
| Interest coverage | 18.9 | 52 | 93.9 | 67.3 | 17.9 |
| Asset turnover | 0.69 | 0.87 | 0.84 | 0.89 | 0.5 |
| Return ratios | |||||
| Return on assets % | 15.5% | 18.6% | 17.6% | 17.2% | 7.3% |
| Return on capital employed % | 27.9% | 32.4% | 31.8% | 28.2% | 12.9% |
| Return on equity % | 20% | 21.5% | 19.1% | 19% | 8.5% |
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.