Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 98.3% | 25.7% | 96.1% | 97.2% | 96.3% | 95.3% | 94.7% |
| EBITDA margin % | 20.6% | 18.1% | 16.2% | 16.1% | 14.6% | 13.9% | 10.9% |
| EBIT margin % | 17.5% | 15% | 12.6% | 13.1% | 11.4% | 10.1% | 8.3% |
| PAT margin % | 11.4% | 10.8% | 9.6% | 10.5% | 25.4% | 12.4% | 13.1% |
| Working capital | |||||||
| Receivable days | 50 | 45 | 33 | 84 | 81 | 103 | 114 |
| Inventory days | 2,698 | 72 | 1,207 | 1,399 | 979 | 645 | 668 |
| Payable days | — | 49 | 847 | 1,372 | 1,010 | 1,011 | 969 |
| NWC days | — | 68 | 393 | 111 | 50 | -263 | -188 |
| Leverage | |||||||
| Current ratio | 1.33 | 1.76 | 2.27 | 2.33 | 2.55 | 3.29 | 3.3 |
| Debt to EBITDA | 0.56 | 0.68 | 0.53 | 0.82 | 0.65 | 0.57 | 0.28 |
| Debt to equity | 0.25 | 0.25 | 0.16 | 0.21 | 0.1 | 0.06 | 0.03 |
| Interest coverage | 7.9 | 8.7 | 8.9 | 12.2 | 10.8 | 13.5 | 25.3 |
| Asset turnover | 1.16 | 1.14 | 1.18 | 1.05 | 0.83 | 0.66 | 0.69 |
| Return ratios | |||||||
| Return on assets % | 13.3% | 12.3% | 11.3% | 11% | 21% | 8.2% | 9.1% |
| Return on capital employed % | 40.6% | 34% | 24.2% | 22.7% | 16.3% | 14.3% | 12.3% |
| Return on equity % | 24.4% | 21.7% | 17.4% | 16.3% | 27.5% | 10.2% | 11.2% |
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.