Standalone figures
| Ratio | Mar 2022 | Dec 2022 | Mar 2023 | Dec 2023 | Mar 2024 | Dec 2024 | Mar 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 43.5% | 43.7% | 71.2% | 45.7% | 45.8% | 44.8% | 44.6% | 45.4% |
| EBITDA margin % | 13.3% | 15.4% | 15% | 14.6% | 15.1% | 17.2% | 17.7% | 17.6% |
| EBIT margin % | 11.5% | 13.2% | 12.9% | 13% | 13.4% | 15.3% | 15.9% | 15.9% |
| PAT margin % | 10.2% | 11.3% | 11.5% | 15.3% | 15.3% | 13.9% | 14.3% | 12.5% |
| Working capital | ||||||||
| Receivable days | — | 76 | — | 78 | — | 84 | — | 77 |
| Inventory days | — | 32 | — | 46 | — | 47 | — | 39 |
| Payable days | — | 139 | — | 160 | — | 155 | — | 156 |
| NWC days | — | -31 | — | -36 | — | -23 | — | -39 |
| Leverage | ||||||||
| Current ratio | — | 2.92 | — | 2.84 | — | 3.12 | — | 2.91 |
| Debt to EBITDA | — | 0 | — | 0 | — | 0 | — | 0 |
| Debt to equity | — | 0 | — | 0 | — | 0 | — | 0 |
| Interest coverage | — | — | — | 1,190.6 | 949.7 | 656.5 | 625.8 | 807.9 |
| Asset turnover | — | 1.18 | — | 1.14 | — | 1.09 | — | 0.5 |
| Return ratios | ||||||||
| Return on assets % | — | 13.3% | — | 17.4% | — | 15.1% | — | 6.3% |
| Return on capital employed % | — | 25.6% | — | 28.9% | — | 28.5% | — | 10.9% |
| Return on equity % | — | 19.2% | — | 25.5% | — | 21.3% | — | 7.2% |
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.