Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 56.9% | 52.1% | 53.4% | 56.3% | 58% | 60.6% |
| EBITDA margin % | 37.6% | 34.3% | 28.2% | 33.8% | 35.1% | 36.5% |
| EBIT margin % | 34.8% | 31.8% | 24.1% | 29.9% | 30.9% | 32.7% |
| PAT margin % | 28.8% | 27.5% | 21.5% | 25% | 26.5% | 28.6% |
| Working capital | ||||||
| Receivable days | 71 | 99 | 87 | 103 | 101 | 122 |
| Inventory days | 312 | 205 | 421 | 253 | 265 | 257 |
| Payable days | 97 | 80 | 128 | 59 | 81 | 99 |
| NWC days | 286 | 225 | 381 | 296 | 284 | 280 |
| Leverage | ||||||
| Current ratio | 10 | 10.04 | 9.43 | 11.04 | 11.01 | 10.15 |
| Debt to EBITDA | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 392.5 | 310 | 150.1 | 180.3 | 65.2 | 99.1 |
| Asset turnover | 0.53 | 0.56 | 0.41 | 0.44 | 0.39 | 0.39 |
| Return ratios | ||||||
| Return on assets % | 15.3% | 15.5% | 8.8% | 10.9% | 10.5% | 11.2% |
| Return on capital employed % | 22.4% | 24.5% | 14.5% | 16.5% | 15.6% | 17.2% |
| Return on equity % | 16.9% | 16.9% | 9.8% | 11.6% | 11.2% | 12% |
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.