Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 51.1% | — | 52.2% | 58.5% | 57.4% | 57.8% | 62.5% | 64.7% |
| EBITDA margin % | 18.7% | 14.3% | 22% | 17.7% | 21.7% | 24.6% | 22% | 24.8% |
| EBIT margin % | 16.4% | 11.2% | 19.5% | 15.8% | 20.2% | 23.1% | 20.4% | 23.1% |
| PAT margin % | 16.3% | 17.3% | 15.5% | 13.7% | 17% | 19.2% | 16.8% | 18.4% |
| Working capital | ||||||||
| Receivable days | 82 | — | 84 | 74 | 92 | 87 | 88 | 108 |
| Inventory days | 104 | — | 98 | 103 | 89 | 76 | 93 | 108 |
| Payable days | — | — | 59 | 65 | 40 | 43 | 64 | 100 |
| NWC days | — | — | 123 | 112 | 141 | 119 | 118 | 116 |
| Leverage | ||||||||
| Current ratio | 5.8 | — | 6.76 | 6.59 | 9.99 | 7.97 | 7.41 | 4 |
| Debt to EBITDA | 0 | — | 0 | 0 | 0 | 0 | 0.08 | 0.07 |
| Debt to equity | 0 | — | 0 | 0 | 0 | 0 | 0.02 | 0.01 |
| Interest coverage | 51.6 | 31.7 | 43.4 | 73 | 133.4 | 133.2 | 90.4 | 96.9 |
| Asset turnover | 0.79 | — | 0.74 | 0.77 | 0.76 | 0.82 | 0.81 | 0.74 |
| Return ratios | ||||||||
| Return on assets % | 12.8% | — | 11.4% | 10.6% | 12.9% | 15.7% | 13.7% | 13.6% |
| Return on capital employed % | 20.5% | — | 17% | 17.4% | 20.4% | 23.4% | 21.3% | 24.1% |
| Return on equity % | 14.5% | — | 12.8% | 11.9% | 14.1% | 17.7% | 15.7% | 16.3% |
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.