Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | 17.3% | 21.8% | 22.8% | 22.7% | 22.2% | 23.8% |
| EBIT margin % | 14.5% | 18.8% | 18.5% | 19.3% | 19.6% | 21.6% |
| PAT margin % | 13% | 15% | 14.3% | 15.8% | 16.1% | 17.2% |
| Working capital | ||||||
| Receivable days | 46 | 40 | — | — | — | — |
| Inventory days | 23 | 12 | 7 | 9 | 0 | 0 |
| Payable days | 55 | 53 | — | — | — | — |
| NWC days | 14 | -1 | — | — | — | — |
| Leverage | ||||||
| Current ratio | 3.02 | 1.17 | — | — | — | — |
| Debt to EBITDA | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 53.4 | 40.7 | 82.7 | 111.5 | 115.2 | 70.8 |
| Asset turnover | 1.25 | 1.44 | 1.44 | 1.33 | 1.26 | 1.19 |
| Return ratios | ||||||
| Return on assets % | 16.3% | 21.6% | 20.6% | 20.9% | 20.3% | 20.4% |
| Return on capital employed % | 29% | 45.3% | — | — | — | — |
| Return on equity % | 22.6% | 29.8% | 27.8% | 28.8% | 29.8% | 29.5% |
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.