Standalone figures
| Ratio | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 47.6% | 78.4% | 44.9% | 45.8% | 46.7% | 45.8% |
| EBITDA margin % | 23% | 18.9% | 23.1% | 22% | 18% | 20.1% |
| EBIT margin % | 21.2% | 16.8% | 21.4% | 20.1% | 16.2% | 17.9% |
| PAT margin % | 18.6% | 13.9% | 17.2% | 16.5% | 13.1% | 13.2% |
| Working capital | ||||||
| Receivable days | — | 83 | 70 | 77 | 91 | 115 |
| Inventory days | — | 588 | 248 | 206 | 198 | 151 |
| Payable days | — | 25 | 90 | 70 | 71 | 74 |
| NWC days | — | 646 | 228 | 213 | 218 | 193 |
| Leverage | ||||||
| Current ratio | — | 5.51 | 5.42 | 6.8 | 4.78 | 5.21 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0.33 |
| Debt to equity | — | — | 0 | 0 | 0 | 0.07 |
| Interest coverage | 380.8 | 475.4 | 1,553.8 | 3,454.5 | 386.2 | 18.8 |
| Asset turnover | — | 0.76 | 0.86 | 0.89 | 0.83 | 0.84 |
| Return ratios | ||||||
| Return on assets % | — | 10.6% | 14.8% | 14.7% | 10.9% | 11% |
| Return on capital employed % | — | 16.9% | 25.3% | 24% | 18.7% | 20.3% |
| Return on equity % | — | 12.3% | 17.4% | 16.7% | 14% | 13.7% |
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.