Standalone figures
| Ratio | Mar 2022 | Dec 2022 | Mar 2023 | Dec 2023 | Mar 2024 | Dec 2024 | Mar 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 56.4% | 57.1% | 57.3% | 57.9% | 57.7% | 51.4% | 52.3% | 51.2% |
| EBITDA margin % | 26.1% | 25.4% | 26.4% | 28.2% | 27.9% | 24.4% | 25.8% | 26.7% |
| EBIT margin % | 24.2% | 23.9% | 25% | 26.8% | 26.5% | 22.6% | 24% | 24.7% |
| PAT margin % | 35.3% | 22.4% | 20.5% | 21.2% | 19.3% | 20.5% | 19.5% | 17.8% |
| Working capital | ||||||||
| Receivable days | — | 17 | — | 17 | — | 42 | — | 35 |
| Inventory days | — | 125 | — | 202 | — | 186 | — | 127 |
| Payable days | — | 109 | — | 89 | — | 151 | — | 79 |
| NWC days | — | 33 | — | 130 | — | 77 | — | 83 |
| Leverage | ||||||||
| Current ratio | — | 2.18 | — | 1.91 | — | 1.76 | — | 1.88 |
| Debt to EBITDA | — | 0 | — | 0 | — | 0 | — | 0 |
| Debt to equity | — | 0 | — | 0 | — | 0 | — | 0 |
| Interest coverage | 434.9 | 431.8 | 482.5 | 488.1 | 464.6 | 313.7 | 336.5 | 278.6 |
| Asset turnover | — | 1.34 | — | 1.66 | — | 1.25 | — | 1.46 |
| Return ratios | ||||||||
| Return on assets % | — | 30% | — | 35.2% | — | 25.7% | — | 26% |
| Return on capital employed % | — | 55.1% | — | 78% | — | 52.7% | — | 62.1% |
| Return on equity % | — | 48.6% | — | 59.4% | — | 48% | — | 43.6% |
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.