Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 28.8% | 31% | 30.1% | 30% | 28.4% |
| EBITDA margin % | |||||
| 11.4% |
| 14.4% |
| 15.1% |
| 15.1% |
| 12.5% |
| EBIT margin % | 6% | 10% | 10.3% | 10.1% | 7.1% |
| PAT margin % | 4.1% | 7.6% | 8.2% | 7.9% | 5.9% |
| Working capital | |||||
| Receivable days | 3 | 3 | 6 | 5 | 4 |
| Inventory days | 222 | 228 | 230 | 247 | 215 |
| Payable days | 77 | 66 | 51 | 37 | 44 |
| NWC days | 148 | 165 | 184 | 215 | 175 |
| Leverage | |||||
| Current ratio | 2.02 | 4.21 | 4.98 | 4.97 | 5.48 |
| Debt to EBITDA | 0.77 | 0.07 | 0.22 | 0.22 | 0 |
| Debt to equity | 0.22 | 0.01 | 0.04 | 0.04 | 0 |
| Interest coverage | 2.9 | 6.6 | 7.8 | 7.8 | 5.9 |
| Asset turnover | 1.14 | 0.9 | 0.85 | 0.9 | 0.81 |
| Return ratios | |||||
| Return on assets % | 4.6% | 6.8% | 6.9% | 7% | 4.8% |
| Return on capital employed % | 14% | 17.5% | 14.4% | 13.6% | 10.5% |
| Return on equity % | 10.1% | 9.5% | 9.2% | 10% | 6.4% |
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.