Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 77.9% | 69.8% | 73.1% | 73.5% | 70.5% | 72.8% | 76.6% | 77.8% |
| EBITDA margin % | 27.2% | 24.3% | 33.7% | 28.4% | 20.5% | 28.2% | 27.9% | 24.7% |
| EBIT margin % | 23.2% | 20.1% | 29.6% | 24.5% | 16.8% | 24.9% | 24.6% | 21.2% |
| PAT margin % | 22.1% | 20.1% | 24.9% | 22.9% | 16.4% | 20.3% | 21.2% | 19.5% |
| Working capital | ||||||||
| Receivable days | — | 122 | 105 | 121 | 105 | 111 | 104 | 103 |
| Inventory days | — | 240 | 317 | 278 | 248 | 229 | 267 | 286 |
| Payable days | — | 166 | 159 | 120 | 128 | 130 | 132 | 160 |
| NWC days | — | 195 | 264 | 279 | 225 | 210 | 238 | 229 |
| Leverage | ||||||||
| Current ratio | — | 2.98 | 3.56 | 4.38 | 2.8 | 3.87 | 3.61 | 3.5 |
| Debt to EBITDA | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 1,252.3 | 68.8 | 131.7 | 99.7 | 134.8 | 162.3 | 257.5 | 476.3 |
| Asset turnover | — | 0.72 | 0.77 | 0.83 | 0.79 | 0.94 | 0.95 | 0.91 |
| Return ratios | ||||||||
| Return on assets % | — | 14.5% | 19.1% | 19% | 13% | 19.1% | 20.1% | 17.8% |
| Return on capital employed % | — | 24.3% | 32.5% | 28.8% | 21% | 31.6% | 31.9% | 29.8% |
| Return on equity % | — | 17.9% | 23.4% | 22.7% | 17.2% | 23.6% | 25.3% | 22.4% |
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.