Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 54.6% | 55.5% | 46.9% | 50.3% | 52.6% | 54.9% | 56.5% |
| EBITDA margin % | 20.1% | 22.1% | 24.2% | 18.7% | 26.1% | 28.1% | 27.7% | 30.3% |
| EBIT margin % | 17.4% | 18.4% | 20.5% | 15.8% | 23.8% | 25.7% | 24.9% | 27.4% |
| PAT margin % | 14.6% | 32.2% | 19.6% | 19% | 24% | 27.3% | 29.3% | 33.9% |
| Working capital | ||||||||
| Receivable days | 116 | 137 | 157 | 154 | 130 | 122 | 143 | 180 |
| Inventory days | 74 | 135 | 139 | 140 | 114 | 129 | 143 | 155 |
| Payable days | 3 | 36 | 49 | 34 | 38 | 23 | 33 | 33 |
| NWC days | 187 | 236 | 248 | 261 | 206 | 228 | 252 | 302 |
| Leverage | ||||||||
| Current ratio | 8.51 | 10.45 | 8.84 | 17.11 | 6.51 | 9.08 | 9.15 | 30.42 |
| Debt to EBITDA | 0.22 | 0.16 | 0.3 | 0 | 0.47 | 0.39 | 0.5 | 0 |
| Debt to equity | 0.04 | 0.03 | 0.04 | 0 | 0.09 | 0.07 | 0.07 | 0 |
| Interest coverage | 84.7 | 185.1 | 163.4 | 208.3 | 69.7 | 52.8 | 63.8 | 45.2 |
| Asset turnover | 0.79 | 0.65 | 0.55 | 0.63 | 0.64 | 0.58 | 0.46 | 0.46 |
| Return ratios | ||||||||
| Return on assets % | 11.5% | 20.8% | 10.7% | 12% | 15.3% | 15.7% | 13.6% | 15.5% |
| Return on capital employed % | 19.8% | 27.5% | 16.6% | 17.1% | 25.2% | 24.7% | 20.1% | 22.2% |
| Return on equity % | 13.1% | 23% | 11.8% | 12.7% | 17.7% | 17.5% | 15.2% | 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.