Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 61.4% | 62.2% | 62.9% | 60.8% | 62.4% | 62.3% |
| EBITDA margin % | 30.3% | 30.6% | 29.5% | 28.6% | 30.5% | 32.4% |
| EBIT margin % | 24.4% | 24.8% | 23.9% | 23.9% | 26% | 27.8% |
| PAT margin % | 19% | 19.4% | 19.9% | 18.6% | 23.1% | 23.4% |
| Working capital | ||||||
| Receivable days | 87 | 80 | 68 | 85 | 81 | 86 |
| Inventory days | 125 | 101 | 106 | 81 | 88 | 86 |
| Payable days | 95 | 52 | 68 | 61 | 69 | 77 |
| NWC days | 117 | 129 | 106 | 106 | 100 | 96 |
| Leverage | ||||||
| Current ratio | 3.7 | 4.11 | 4.2 | 2.59 | 3.78 | 3.52 |
| Debt to EBITDA | 0.12 | 0.09 | 0.22 | 0.41 | 0.05 | 0.04 |
| Debt to equity | 0.03 | 0.02 | 0.05 | 0.08 | 0.01 | 0.01 |
| Interest coverage | 83.3 | 145.7 | 118.5 | 17.6 | 44.7 | 117.9 |
| Asset turnover | 0.66 | 0.65 | 0.61 | 0.58 | 0.57 | 0.62 |
| Return ratios | ||||||
| Return on assets % | 12.5% | 12.6% | 12% | 10.8% | 13.2% | 14.5% |
| Return on capital employed % | 20% | 20.2% | 20% | 19% | 19.4% | 25% |
| Return on equity % | 15.2% | 14.5% | 14.1% | 12.9% | 14.8% | 17% |
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.