Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 56.9% | 40.1% | 56.5% | 56.5% | 58.6% | 58% |
| EBITDA margin % | 18.1% | 17.3% | 16.7% | 17.6% | 17.3% | 18.3% |
| EBIT margin % | 11.6% | 11.4% | 11.2% | 12.5% | 11.7% | 12.4% |
| PAT margin % | 7.2% | 7.3% | 7.2% | 7.5% | 7.6% | 9.6% |
| Working capital | ||||||
| Receivable days | 79 | 81 | 71 | 62 | 56 | 70 |
| Inventory days | 127 | 82 | 131 | 122 | 145 | 170 |
| Payable days | 113 | 76 | 95 | 101 | 95 | 132 |
| NWC days | 93 | 87 | 107 | 83 | 106 | 108 |
| Leverage | ||||||
| Current ratio | 1.1 | 1.18 | 1.21 | 1.07 | 3.28 | 2.1 |
| Debt to EBITDA | 1.98 | 1.89 | 1.88 | 1.56 | 0.41 | 0.56 |
| Debt to equity | 0.55 | 0.55 | 0.55 | 0.51 | 0.07 | 0.1 |
| Interest coverage | 4.2 | 4.9 | 5 | 5 | 5.7 | 18.5 |
| Asset turnover | 0.78 | 0.87 | 0.93 | 0.99 | 0.78 | 0.75 |
| Return ratios | ||||||
| Return on assets % | 5.7% | 6.4% | 6.7% | 7.4% | 5.9% | 7.2% |
| Return on capital employed % | 14.5% | 16.5% | 17.1% | 19.6% | 14.1% | 13.7% |
| Return on equity % | 11% | 12.4% | 12.7% | 13.9% | 7.5% | 9.7% |
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.