Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 84.9% | 84.7% | 87.2% | 88% | 87.4% | 88.3% |
| EBITDA margin % | 44.5% | 44.3% | 39.8% | 40.4% | 40.3% | 42.1% |
| EBIT margin % | 30.9% | 32.8% | 26.2% | 29.9% | 30% | 31.6% |
| PAT margin % | 22.6% | 24% | 18.5% | 21.8% | 21.5% | 23.3% |
| Working capital | ||||||
| Receivable days | 7 | 8 | 7 | 9 | 7 | 10 |
| Inventory days | 16 | 22 | 12 | 26 | 17 | 18 |
| Payable days | 133 | 108 | 172 | 178 | 141 | 143 |
| NWC days | -110 | -79 | -153 | -143 | -116 | -114 |
| Leverage | ||||||
| Current ratio | 6.03 | 4.17 | 4.17 | 2.97 | 1.93 | 2.77 |
| Debt to EBITDA | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 8.4 | 9.9 | 6.3 | 7.5 | 8.3 | 8.7 |
| Asset turnover | 0.69 | 0.63 | 0.53 | 0.55 | 0.51 | 0.52 |
| Return ratios | ||||||
| Return on assets % | 15.5% | 15.2% | 9.8% | 11.9% | 11% | 12.2% |
| Return on capital employed % | 25.2% | 28.1% | 18.4% | 21.2% | 21.1% | 22.1% |
| Return on equity % | 23% | 23% | 15.3% | 17.5% | 17.2% | 18.9% |
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.