Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 87% | 73.6% | 73.6% | 72.2% | 73.4% | 70.6% |
| EBITDA margin % | 43.3% | 47.6% | 49.6% | 48.1% | 46.4% | 43.8% |
| EBIT margin % | 26.9% | 38.9% | 42.3% | 38.4% | 35.3% | 32% |
| PAT margin % | 24.1% | 30.6% | 31.9% | 30.4% | 28% | 26.2% |
| Working capital | ||||||
| Receivable days | — | 143 | 130 | 151 | 163 | 166 |
| Inventory days | — | 194 | 180 | 133 | 200 | 125 |
| Payable days | — | 94 | 88 | 85 | 101 | 54 |
| NWC days | — | 243 | 223 | 200 | 261 | 237 |
| Leverage | ||||||
| Current ratio | — | 3.06 | 3.33 | 3.68 | 4.01 | 3.67 |
| Debt to EBITDA | — | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 8.1 | 16.3 | 19.7 | 13.3 | 10.4 | 9.8 |
| Asset turnover | — | 0.58 | 0.61 | 0.55 | 0.5 | 0.5 |
| Return ratios | ||||||
| Return on assets % | — | 17.6% | 19.6% | 16.6% | 14.1% | 13.2% |
| Return on capital employed % | — | 31.1% | 37.5% | 30.4% | 25.7% | 22.9% |
| Return on equity % | — | 28.4% | 30.3% | 26% | 21.7% | 19.1% |
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.