Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 89.3% | 90.7% | 85.4% | 87.2% | 91.4% | 90.3% |
| EBITDA margin % | 33.6% | 43.6% | 45.6% | 46.5% | 43.1% | 38.1% |
| EBIT margin % | 27.6% | 39.5% | 43.2% | 43.7% | 40.5% | 33.8% |
| PAT margin % | 39.5% | 43.2% | 42.8% | 43.5% | 39.1% | 34.4% |
| Working capital | ||||||
| Receivable days | 68 | 78 | 82 | 109 | 98 | 136 |
| Inventory days | 62 | 140 | 15 | 1 | 3 | 2 |
| Payable days | 99 | 115 | 129 | 195 | 103 | 699 |
| NWC days | 30 | 103 | -33 | -85 | -2 | -561 |
| Leverage | ||||||
| Current ratio | 5.33 | 5.13 | 4.76 | 4.85 | 6.96 | 4.38 |
| Debt to EBITDA | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 32.3 | 55.1 | 80.5 | 140.5 | 283.7 | 185 |
| Asset turnover | 0.36 | 0.39 | 0.4 | 0.42 | 0.44 | 0.38 |
| Return ratios | ||||||
| Return on assets % | 14.1% | 17% | 17% | 18.3% | 17.1% | 13.1% |
| Return on capital employed % | 21.6% | 28.2% | 29% | 29.4% | 28.2% | 22.1% |
| Return on equity % | 16.7% | 19.5% | 20.3% | 21% | 19% | 14.8% |
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.