Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 87% | 87.3% | 88.1% | 88.2% |
| EBITDA margin % | 34.8% | 34.2% | ||
| 32.8% |
| 34.6% |
| EBIT margin % | 29.3% | 30.2% | 29.7% | 31.6% |
| PAT margin % | 21% | 23.6% | 23% | 24.2% |
| Working capital | ||||
| Receivable days | 11 | 14 | 20 | 29 |
| Inventory days | 55 | 59 | 53 | 52 |
| Payable days | 96 | 122 | 138 | 138 |
| NWC days | -30 | -49 | -65 | -57 |
| Leverage | ||||
| Current ratio | 0.53 | 1.09 | 1.74 | 3.78 |
| Debt to EBITDA | 0.36 | 0.08 | 0.01 | 0.01 |
| Debt to equity | 0.17 | 0.03 | 0 | 0 |
| Interest coverage | 27 | 169.7 | 296.5 | 263.6 |
| Asset turnover | 1.04 | 0.93 | 0.83 | 0.72 |
| Return ratios | ||||
| Return on assets % | 21.9% | 22% | 19% | 17.4% |
| Return on capital employed % | 38.8% | 37.6% | 31.3% | 27.9% |
| Return on equity % | 28.5% | 25.6% | 21.3% | 19.2% |
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.