Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 55.5% | 56.3% | 55.8% | 56% |
| EBITDA margin % | 21.6% | 21.8% | 22.1% | 21.5% |
| EBIT margin % | 20.2% | 20.2% | 20.2% | 19.6% |
| PAT margin % | 16.5% | 17.2% | 17.4% | 16.2% |
| Working capital | ||||
| Receivable days | 50 | 53 | 72 | 76 |
| Inventory days | 352 | 330 | 300 | 250 |
| Payable days | 52 | 61 | 85 | 82 |
| NWC days | 350 | 322 | 286 | 244 |
| Leverage | ||||
| Current ratio | 1.72 | 1.76 | 1.71 | 1.84 |
| Debt to EBITDA | 0 | 0.05 | 0.12 | 0.21 |
| Debt to equity | 0 | 0.02 | 0.04 | 0.06 |
| Interest coverage | 63 | 46.7 | 37 | 39.9 |
| Asset turnover | 0.82 | 0.89 | 0.79 | 0.78 |
| Return ratios | ||||
| Return on assets % | 13.5% | 15.3% | 13.7% | 12.6% |
| Return on capital employed % | 34.7% | 38.2% | 36.9% | 33.4% |
| Return on equity % | 26.7% | 27.5% | 25% | 22.2% |
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.