Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 64.3% | 72.2% | 69.5% | 69.2% | 70.7% | 69.6% |
| EBITDA margin % | 23% | 24.7% | 26.3% | 30.2% | 25.3% | 29.2% |
| EBIT margin % | 19.7% | 22.4% | 24.5% | 28% | 23% | 26.8% |
| PAT margin % | 14.2% | 18.4% | 18.8% | 21.3% | 18.5% | 25.5% |
| Working capital | ||||||
| Receivable days | 103 | 130 | 98 | 104 | 121 | 115 |
| Inventory days | 149 | 163 | 155 | 237 | 246 | 248 |
| Payable days | 75 | 128 | 98 | 97 | 113 | 64 |
| NWC days | 177 | 165 | 155 | 244 | 254 | 299 |
| Leverage | ||||||
| Current ratio | 6.91 | 3.11 | 4.52 | 6.22 | 6.6 | 11.08 |
| Debt to EBITDA | 0 | 0.24 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0.05 | 0 | 0 | 0 | 0 |
| Interest coverage | 21.8 | 39.5 | 38.3 | 212.9 | 241.3 | 291.2 |
| Asset turnover | 0.86 | 0.76 | 0.91 | 0.68 | 0.58 | 0.53 |
| Return ratios | ||||||
| Return on assets % | 12.3% | 13.9% | 17% | 14.5% | 10.8% | 13.4% |
| Return on capital employed % | 18.7% | 28% | 28.5% | 22.7% | 16.8% | 19.4% |
| Return on equity % | 14.1% | 17% | 19.2% | 15.9% | 12% | 14.3% |
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.