Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 56.7% | 60.8% | 61.9% | 62.3% |
| EBITDA margin % | 20.2% | 24.8% | 27.3% | 24.9% |
| EBIT margin % | 15.1% | 19.9% | 23.1% | 20.6% |
| PAT margin % | 12.3% | 17.4% | 19.1% | 17.4% |
| Working capital | ||||
| Receivable days | 85 | 83 | 73 | 85 |
| Inventory days | 159 | 172 | 176 | 152 |
| Payable days | 42 | 62 | 44 | 45 |
| NWC days | 203 | 194 | 205 | 192 |
| Leverage | ||||
| Current ratio | 3.4 | 4.77 | 6.29 | 6.4 |
| Debt to EBITDA | 0.75 | 0.39 | 0.23 | 0.18 |
| Debt to equity | 0.18 | 0.1 | 0.06 | 0.04 |
| Interest coverage | 10.9 | 22.9 | 40.2 | 41.9 |
| Asset turnover | 0.83 | 0.76 | 0.8 | 0.69 |
| Return ratios | ||||
| Return on assets % | 10.3% | 13.2% | 15.4% | 12% |
| Return on capital employed % | 17.6% | 21.9% | 25.2% | 19.5% |
| Return on equity % | 14.2% | 17.2% | 19% | 14.5% |
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.