Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 78.4% | 78.1% | 79% | 79.5% | 80.1% | 80.4% |
| EBITDA margin % | 32.6% | 34.7% | 31.8% | 29.8% | 30.1% | 27.5% |
| EBIT margin % | 27.8% | 30.7% | 27.8% | 25.1% | 25.9% | 22.4% |
| PAT margin % | 20.2% | 24.4% | 22.3% | 19.3% | 21.9% | 15.3% |
| Working capital | ||||||
| Receivable days | 29 | 28 | 39 | 44 | 49 | 60 |
| Inventory days | 30 | 38 | 30 | 32 | 35 | 44 |
| Payable days | 0 | — | 112 | 114 | 125 | 124 |
| NWC days | 58 | — | -44 | -38 | -41 | -21 |
| Leverage | ||||||
| Current ratio | 1.93 | 2.47 | 1.98 | 1.46 | 0.83 | 0.77 |
| Debt to EBITDA | 0.42 | 0.05 | 0.01 | 0.9 | 1.7 | 3.1 |
| Debt to equity | 0.14 | 0.01 | 0 | 0.17 | 0.33 | 0.6 |
| Interest coverage | 18.2 | 84 | 294.3 | 87.9 | 17.9 | 5.6 |
| Asset turnover | 0.77 | 0.73 | 0.62 | 0.51 | 0.43 | 0.4 |
| Return ratios | ||||||
| Return on assets % | 15.5% | 17.7% | 13.9% | 9.8% | 9.5% | 6.1% |
| Return on capital employed % | 26.3% | 30.5% | 21.6% | 16.6% | 16.6% | 13.4% |
| Return on equity % | 20.8% | 20.2% | 15.5% | 12.6% | 14% | 10.7% |
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.