Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 55.4% | 58.1% | 58.6% | 58.4% | 57.9% | 58.1% |
| EBITDA margin % | 22.6% | 30.7% | 33.2% | 30.5% | 30.6% | 30.5% |
| EBIT margin % | 7.2% | 20.5% | 24.6% | 20.6% | 20.1% | 19.4% |
| PAT margin % | 9.2% | 15.8% | 18.2% | 18.1% | 14.3% | 14.3% |
| Working capital | ||||||
| Receivable days | 10 | 6 | 4 | 6 | 7 | 7 |
| Inventory days | 295 | 278 | 253 | 266 | 223 | 263 |
| Payable days | 210 | 140 | 113 | 96 | 79 | 86 |
| NWC days | 95 | 144 | 143 | 176 | 151 | 184 |
| Leverage | ||||||
| Current ratio | 2.58 | 3.15 | 2.83 | 3.23 | 2.8 | 2.78 |
| Debt to EBITDA | 0 | 0 | 0 | 0 | 1.41 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0.63 | 0 |
| Interest coverage | 3.1 | 6.5 | 9.1 | 6.9 | 6.5 | 5.8 |
| Asset turnover | 0.49 | 0.58 | 0.73 | 0.7 | 0.75 | 0.71 |
| Return ratios | ||||||
| Return on assets % | 4.5% | 9.2% | 13.3% | 12.7% | 10.7% | 10.2% |
| Return on capital employed % | 10.5% | 21% | 26.9% | 21.3% | 21.2% | 21.3% |
| Return on equity % | 9% | 16.8% | 24.3% | 22.8% | 20.8% | 20.5% |
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.