Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 78.9% | 86.7% | 84% | 76.1% | 75.2% | 74.8% |
| EBITDA margin % | 23.7% | 29.6% | 26.8% | 24.8% | 28.9% | 30.8% |
| EBIT margin % | 14.2% | 20.5% | 15.2% | 12.1% | 15.9% | 17.8% |
| PAT margin % | 46.7% | 15.5% | 13.7% | 9.9% | 12.2% | 14.9% |
| Working capital | ||||||
| Receivable days | 69 | 48 | 59 | 110 | 152 | 163 |
| Inventory days | 31 | 56 | 123 | 93 | 64 | 54 |
| Payable days | 363 | 463 | 291 | 203 | 203 | 119 |
| NWC days | -262 | -360 | -109 | -0 | 13 | 98 |
| Leverage | ||||||
| Current ratio | 1.34 | 2.28 | 2.38 | 1.53 | 1.4 | 2.82 |
| Debt to EBITDA | 2.29 | 0.19 | 0.26 | 1.09 | 1.03 | 2.5 |
| Debt to equity | 0.93 | 0.04 | 0.04 | 0.2 | 0.23 | 0.54 |
| Interest coverage | 12.4 | 5.8 | 11.7 | 5.4 | 5.5 | 4.9 |
| Asset turnover | 0.65 | 0.52 | 0.51 | 0.5 | 0.53 | 0.38 |
| Return ratios | ||||||
| Return on assets % | 30.4% | 8.1% | 7% | 5% | 6.5% | 5.6% |
| Return on capital employed % | 76.4% | 18.8% | 11.6% | 10.3% | 14.3% | 13.1% |
| Return on equity % | 79.8% | 10.3% | 8.6% | 7.2% | 9.3% | 10.4% |
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.