Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | 79.7% | 86.5% | 87.3% | 86.9% | 87.1% |
| EBITDA margin % | 26.6% | 32% | 34.3% | 33.4% | 32.6% | 32.3% |
| EBIT margin % | 15.6% | 23.7% | 26.8% | 24.9% | 23.6% | 23.5% |
| PAT margin % | 8% | 15.4% | 18.5% | 17.4% | 16.3% | 16.2% |
| Working capital | ||||||
| Receivable days | 27 | 16 | 19 | 21 | 20 | 24 |
| Inventory days | 8 | 27 | 43 | 52 | 44 | 55 |
| Payable days | — | — | 195 | 177 | 165 | 160 |
| NWC days | — | — | -133 | -104 | -102 | -81 |
| Leverage | ||||||
| Current ratio | 1.87 | 2.39 | 3.51 | 4.29 | 5.62 | 3.3 |
| Debt to EBITDA | 0.29 | 0.14 | 0 | 0 | 0 | 0.03 |
| Debt to equity | 0.1 | 0.07 | 0 | 0 | 0 | 0.01 |
| Interest coverage | 2.6 | 4.8 | 6.3 | 6.2 | 5.6 | 5.7 |
| Asset turnover | 0.57 | 0.72 | 0.63 | 0.58 | 0.62 | 0.58 |
| Return ratios | ||||||
| Return on assets % | 4.6% | 11.1% | 11.7% | 10% | 10.1% | 9.4% |
| Return on capital employed % | 11.3% | 22.6% | 23.6% | 19% | 18.5% | 17.4% |
| Return on equity % | 10.4% | 22.4% | 18.9% | 16.7% | 16% | 14.8% |
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.