Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 47.9% | 43.3% | 44.5% | 47.9% | 46.5% | 46.9% |
| EBITDA margin % | 16.9% | 15% | 16.9% | 18.5% | 18.1% | 18.6% |
| EBIT margin % | 13.6% | 11.6% | 13.7% | 14.9% | 13.9% | 14.4% |
| PAT margin % | 9.8% | 9.3% | 12.3% | 11.9% | 11.3% | 10.9% |
| Working capital | ||||||
| Receivable days | 61 | 69 | 68 | 59 | 63 | 71 |
| Inventory days | 92 | 84 | 72 | 93 | 80 | 89 |
| Payable days | 180 | 143 | 129 | 123 | 88 | 103 |
| NWC days | -27 | 10 | 11 | 29 | 54 | 57 |
| Leverage | ||||||
| Current ratio | 2.37 | 2.34 | 1.96 | 2.16 | 2.4 | 2.23 |
| Debt to EBITDA | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 26.7 | 86.9 | 114 | 125.8 | 65.9 | 85.2 |
| Asset turnover | 0.89 | 0.98 | 1.01 | 1.03 | 0.94 | 0.85 |
| Return ratios | ||||||
| Return on assets % | 8.7% | 9.1% | 12.4% | 12.2% | 10.6% | 9.3% |
| Return on capital employed % | 17.5% | 18.4% | 21.3% | 22.9% | 19.2% | 17.6% |
| Return on equity % | 12.6% | 12.9% | 17% | 16.2% | 13.7% | 12.3% |
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.