Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 82.9% | 82.6% | 82% | 82.2% |
| EBITDA margin % | 25.9% | 24.5% | ||
| 25.4% |
| 25.1% |
| EBIT margin % | 22.3% | 21.2% | 21.4% | 19.3% |
| PAT margin % | 13.6% | 16.7% | 17.4% | 16.4% |
| Working capital | ||||
| Receivable days | 19 | 19 | 13 | 20 |
| Inventory days | 42 | 39 | 35 | 49 |
| Payable days | 169 | 116 | 157 | 124 |
| NWC days | -108 | -59 | -110 | -55 |
| Leverage | ||||
| Current ratio | 1.96 | 4.35 | 5.48 | 3.63 |
| Debt to EBITDA | 1.46 | 0 | 0.28 | 0.87 |
| Debt to equity | 0.64 | 0 | 0.05 | 0.16 |
| Interest coverage | 6.8 | 11.9 | 29.6 | 21.3 |
| Asset turnover | 0.89 | 0.67 | 0.62 | 0.55 |
| Return ratios | ||||
| Return on assets % | 12.1% | 11.2% | 10.8% | 9.1% |
| Return on capital employed % | 24% | 21.6% | 17.8% | 15.4% |
| Return on equity % | 23.1% | 12.2% | 13% | 12.2% |
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.