Standalone figures
| Ratio | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 31.2% | 26.8% | 29.5% | 28.4% | 28.2% |
| EBITDA margin % | 11.6% | 10.8% | 9.7% | 9.5% | 8.5% |
| EBIT margin % | 8.6% | 8.5% | 6.9% | 7.1% | 6.2% |
| PAT margin % | 9.9% | 8.5% | 9.1% | 8.1% | 8.4% |
| Working capital | |||||
| Receivable days | — | 40 | 57 | 49 | 42 |
| Inventory days | — | 27 | 47 | 33 | 31 |
| Payable days | — | 14 | 15 | 8 | 8 |
| NWC days | — | 52 | 89 | 74 | 65 |
| Leverage | |||||
| Current ratio | — | 7.53 | 10.22 | 19.82 | 15.88 |
| Debt to EBITDA | — | 0.09 | 0.11 | 0.04 | 0 |
| Debt to equity | — | 0.01 | 0.01 | 0 | 0 |
| Interest coverage | 26.6 | 234.3 | 194.2 | 60.1 | 119.3 |
| Asset turnover | — | 1.32 | 0.99 | 1.04 | 1.03 |
| Return ratios | |||||
| Return on assets % | — | 11.2% | 9% | 8.4% | 8.6% |
| Return on capital employed % | — | 15.5% | 13.4% | 12.1% | 11.9% |
| Return on equity % | — | 12.6% | 10% | 9.1% | 9.2% |
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.