Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 90.1% | 90.2% | 87.2% | 86.1% | 88.4% |
| EBITDA margin % | 8.6% | 9.7% | 11.5% | 13.7% | 19.1% |
| EBIT margin % | 6.4% | 7.5% | 9.8% | 11.6% | 17% |
| PAT margin % | 4.9% | 6% | 7.7% | 8.5% | 12% |
| Working capital | |||||
| Receivable days | 121 | 131 | 123 | 112 | 127 |
| Inventory days | 20 | 15 | 9 | 13 | 9 |
| Payable days | 438 | 532 | 263 | 150 | 206 |
| NWC days | -297 | -385 | -131 | -25 | -70 |
| Leverage | |||||
| Current ratio | 3.34 | 2.69 | 3.12 | 1.99 | 2.04 |
| Debt to EBITDA | 0.02 | 0.73 | 0.45 | 1.19 | 0.54 |
| Debt to equity | 0 | 0.11 | 0.1 | 0.33 | 0.19 |
| Interest coverage | 12.7 | 10.4 | 15.8 | 9.3 | 8.5 |
| Asset turnover | 1.09 | 1.07 | 1.26 | 1.16 | 1.12 |
| Return ratios | |||||
| Return on assets % | 5.3% | 6.4% | 9.6% | 9.9% | 13.4% |
| Return on capital employed % | 10.3% | 14.4% | 19.8% | 24.9% | 33.7% |
| Return on equity % | 7.3% | 9.7% | 14.5% | 17.3% | 22.5% |
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.