Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 57.7% | 54.9% | 51.7% | 53.6% | 54.6% | 51.4% |
| EBITDA margin % | 32.1% | 28.6% | 25.8% | 22.1% | 28.2% | 26.5% |
| EBIT margin % | 24.8% | 22.9% | 20.8% | 16.8% | 24.1% | 22.8% |
| PAT margin % | 11.4% | 15% | 16.8% | 14.7% | 19.5% | 20% |
| Working capital | ||||||
| Receivable days | 261 | 247 | 247 | 283 | 308 | 287 |
| Inventory days | 483 | 299 | 323 | 476 | 351 | 270 |
| Payable days | 99 | 69 | 87 | 196 | 125 | 84 |
| NWC days | 645 | 477 | 482 | 563 | 534 | 473 |
| Leverage | ||||||
| Current ratio | 1.87 | 5.39 | 4.53 | 2.77 | 3.5 | 3.67 |
| Debt to EBITDA | 2.48 | 0.57 | 0 | 0.66 | 0 | 0 |
| Debt to equity | 0.51 | 0.08 | 0 | 0.08 | 0 | 0 |
| Interest coverage | 2.8 | 5.7 | 8.5 | 12.6 | 16.7 | 46.2 |
| Asset turnover | 0.37 | 0.4 | 0.43 | 0.38 | 0.4 | 0.45 |
| Return ratios | ||||||
| Return on assets % | 4.2% | 5.9% | 7.1% | 5.6% | 7.8% | 9% |
| Return on capital employed % | 13.4% | 13.5% | 12.7% | 10.7% | 16.2% | 16% |
| Return on equity % | 7.3% | 7.1% | 8.7% | 7.7% | 10.1% | 11.5% |
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.