Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 80.2% | 83.2% | 81.2% | 80.7% | 80.5% |
| EBITDA margin % | |||||
| 28.2% |
| 28.4% |
| 28% |
| 28% |
| 23.7% |
| EBIT margin % | 23.8% | 24.9% | 24.7% | 23.9% | 18.5% |
| PAT margin % | 14.1% | 17.3% | 20% | 19.3% | 16.1% |
| Working capital | |||||
| Receivable days | 93 | 84 | 125 | 137 | 127 |
| Inventory days | 14 | 19 | 18 | 39 | 28 |
| Payable days | 99 | 63 | 54 | 44 | 154 |
| NWC days | 9 | 40 | 89 | 131 | 1 |
| Leverage | |||||
| Current ratio | 1.24 | 2.34 | 19.77 | 28.24 | 4.55 |
| Debt to EBITDA | 1.3 | 1.08 | 0.04 | 0 | 1.6 |
| Debt to equity | 0.98 | 0.65 | 0.01 | 0 | 0.14 |
| Interest coverage | 6 | 10.8 | 27.2 | 193.6 | 23.2 |
| Asset turnover | 1.04 | 1.14 | 0.48 | 0.29 | 0.3 |
| Return ratios | |||||
| Return on assets % | 14.7% | 19.7% | 9.6% | 5.6% | 4.9% |
| Return on capital employed % | 36.7% | 41.4% | 21.3% | 10.1% | 7.9% |
| Return on equity % | 37.7% | 36.4% | 10% | 5.7% | 5.9% |
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.