Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 60.3% | 55.2% | 55% | 58% | 54.6% | 56.7% |
| EBITDA margin % | 24.5% | 18.2% | 21.4% | 22.5% | 23.1% | 21.3% |
| EBIT margin % | 19.5% | 14.6% | 18.8% | 19.7% | 20.4% | 18% |
| PAT margin % | 55.1% | 16.2% | 15.9% | 17.2% | 19.7% | 19.7% |
| Working capital | ||||||
| Receivable days | 132 | 129 | 107 | 116 | 137 | 135 |
| Inventory days | 200 | 231 | 168 | 245 | 189 | 226 |
| Payable days | 140 | 94 | 69 | 97 | 61 | 107 |
| NWC days | 193 | 266 | 206 | 264 | 265 | 254 |
| Leverage | ||||||
| Current ratio | 2.29 | 2.4 | 2.42 | 2.48 | 3.53 | 2.91 |
| Debt to EBITDA | 1.27 | 1.57 | 1.03 | 0.75 | 0.5 | 0.4 |
| Debt to equity | 0.19 | 0.18 | 0.15 | 0.11 | 0.08 | 0.02 |
| Interest coverage | 24.9 | 16.5 | 16.1 | 16.3 | 29.3 | 36.7 |
| Asset turnover | 0.45 | 0.48 | 0.54 | 0.51 | 0.58 | 0.23 |
| Return ratios | ||||||
| Return on assets % | 24.5% | 7.8% | 8.6% | 8.7% | 11.3% | 4.4% |
| Return on capital employed % | 35% | 14% | 15.5% | 15.6% | 19.2% | 9.3% |
| Return on equity % | 33.3% | 10.5% | 11% | 11% | 13.4% | 4.8% |
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.