Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 25.1% | 23.3% | 30% | 26% | 23.9% | 22.7% |
| EBITDA margin % | 6.8% | 6.3% | 7.2% | 6.6% | 6.1% | 6.8% |
| EBIT margin % | 6.7% | 6.2% | 7.1% | 6.5% | 6% | 6.7% |
| PAT margin % | 3.9% | 4.2% | 5.2% | 4.8% | 4.5% | 4.9% |
| Working capital | ||||||
| Receivable days | — | — | — | — | — | 115 |
| Inventory days | 12 | 20 | 21 | 22 | 15 | 12 |
| Payable days | — | — | — | — | 12 | 10 |
| NWC days | — | — | — | — | — | 117 |
| Leverage | ||||||
| Current ratio | 5.09 | 4.19 | 4.66 | 8.44 | 8.44 | 5.71 |
| Debt to EBITDA | — | — | — | — | 0 | 0.4 |
| Debt to equity | — | — | — | — | 0 | 0.07 |
| Interest coverage | 5.1 | 10.7 | 23.6 | 24 | 40.8 | 31.7 |
| Asset turnover | 2.46 | 2.59 | 2.52 | 2.08 | 2.86 | 2.27 |
| Return ratios | ||||||
| Return on assets % | 9.6% | 10.9% | 13.1% | 9.9% | 12.9% | 11.1% |
| Return on capital employed % | 20.7% | 23.1% | 26.9% | 21% | 20.6% | 22.2% |
| Return on equity % | — | — | — | — | 14.4% | 13.4% |
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.