Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 47.1% | 41.7% | 38.3% | 37.8% | 37.3% | 39.9% | 40.4% | 42.4% |
| EBITDA margin % | 18.1% | 12.3% | 9.8% | 12.4% | 15% | 18% | 17.3% | 19.4% |
| EBIT margin % | 16.6% | 10.2% | 7.4% | 10.7% | 13.5% | 16.7% | 16.1% | 18.1% |
| PAT margin % | 11.5% | 7.9% | 6.2% | 8.7% | 11.2% | 13.7% | 10.7% | 10.3% |
| Working capital | ||||||||
| Receivable days | 71 | 67 | 69 | 58 | 58 | 63 | 65 | 60 |
| Inventory days | 93 | 93 | 105 | 86 | 89 | 77 | 89 | 102 |
| Payable days | 79 | 66 | 114 | 96 | 111 | 119 | 104 | 102 |
| NWC days | 85 | 94 | 60 | 49 | 36 | 21 | 50 | 60 |
| Leverage | ||||||||
| Current ratio | 2.48 | 3.17 | 3 | 3.12 | 2.04 | 2.38 | 2.34 | 2.18 |
| Debt to EBITDA | 0.01 | — | 0 | 0 | 0 | 0 | 0 | 0.17 |
| Debt to equity | 0 | — | 0 | 0 | 0 | 0 | 0 | 0.1 |
| Interest coverage | 457.4 | 89.8 | 84.3 | 99.8 | 80 | 225.5 | 70.2 | 22.3 |
| Asset turnover | 1.13 | 1.04 | 0.83 | 0.95 | 1.28 | 1.16 | 1.47 | 1.62 |
| Return ratios | ||||||||
| Return on assets % | 13% | 8.3% | 5.1% | 8.2% | 14.3% | 15.8% | 15.8% | 16.6% |
| Return on capital employed % | 28.8% | 16.1% | 9.3% | 15.1% | 25% | 32.7% | 35.8% | 49.3% |
| Return on equity % | 17.4% | 10.6% | 6.7% | 10.7% | 21.4% | 22.6% | 25.8% | 29.5% |
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.