Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 54.4% | 52% | 53.6% | 54% | 52.1% | 52.3% | 19% | 51.9% |
| EBITDA margin % | 12.3% | 8.1% | 7.8% | 9.5% | 10.7% | 10.1% | 8.3% | 9.5% |
| EBIT margin % | 10.8% | 6.4% | 6.2% | 8.3% | 9.4% | 8.3% | 6.7% | 7.4% |
| PAT margin % | 6.7% | 3.4% | 3.9% | 5.8% | 6.8% | 9.7% | 4.9% | 5.8% |
| Working capital | ||||||||
| Receivable days | 158 | 116 | 69 | 60 | 78 | 71 | 70 | 59 |
| Inventory days | 102 | 89 | 118 | 71 | 65 | 63 | 37 | 57 |
| Payable days | 196 | 211 | 254 | 182 | 180 | 139 | 93 | 135 |
| NWC days | 63 | -6 | -67 | -51 | -37 | -6 | 14 | -20 |
| Leverage | ||||||||
| Current ratio | 1.66 | 1.54 | 1.6 | 1.77 | 1.8 | 2.17 | 2.12 | 1.89 |
| Debt to EBITDA | 0.28 | 0.31 | 0.11 | 0 | 0.01 | 0.12 | 0.04 | 0.01 |
| Debt to equity | 0.08 | 0.06 | 0.02 | 0 | 0 | 0.03 | 0.01 | 0 |
| Interest coverage | 10.3 | 3.8 | 3.4 | 5.8 | 8.9 | 7.4 | 5.7 | 8.1 |
| Asset turnover | 1.18 | 1.07 | 0.96 | 1.32 | 1.14 | 1.21 | 1.11 | 1.07 |
| Return ratios | ||||||||
| Return on assets % | 7.9% | 3.7% | 3.7% | 7.6% | 7.8% | 11.7% | 5.4% | 6.2% |
| Return on capital employed % | 27.3% | 15.2% | 14.5% | 22.4% | 23.2% | 21.3% | 15.5% | 16.7% |
| Return on equity % | 15.9% | 8% | 8.8% | 15% | 15.8% | 23.4% | 11.2% | 12.8% |
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.