Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 50.8% | 53.6% | 53.9% | 52.2% | 51.3% |
| EBITDA margin % | |||||
| 20.2% |
| 19.2% |
| 18.7% |
| 18.2% |
| 13.2% |
| EBIT margin % | 19% | 16.9% | 15.9% | 15% | 9.4% |
| PAT margin % | 15.3% | 14.3% | 12.9% | 11.7% | -21% |
| Working capital | |||||
| Receivable days | 106 | 115 | 126 | 120 | 119 |
| Inventory days | 49 | 89 | 77 | 71 | 67 |
| Payable days | — | 54 | 69 | 61 | 88 |
| NWC days | — | 150 | 135 | 130 | 98 |
| Leverage | |||||
| Current ratio | 3.57 | 2.36 | 1.76 | 2.19 | 1.21 |
| Debt to EBITDA | 0.68 | 0.72 | 1.74 | 1.19 | 1.99 |
| Debt to equity | 0.15 | 0.15 | 0.25 | 0.16 | 0.21 |
| Interest coverage | 43.2 | 13 | 8.9 | 7.6 | 4.3 |
| Asset turnover | 0.88 | 0.79 | 0.52 | 0.55 | 0.52 |
| Return ratios | |||||
| Return on assets % | 13.4% | 11.3% | 6.7% | 6.4% | -11% |
| Return on capital employed % | 21.4% | 21% | 16.3% | 15.2% | 7.8% |
| Return on equity % | 16.7% | 15.6% | 10% | 8.5% | -16.7% |
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.