Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 51.2% | 57.9% | 45.8% | 48.9% | 46.7% | 46.6% | 46.7% |
| EBITDA margin % | 19.3% | 25.9% | 34.5% | 21.2% | 20.4% | 17.4% | 18.5% | 18.5% |
| EBIT margin % | 16.5% | 23.2% | 32.2% | 18.9% | 17.7% | 13.3% | 14% | 13.9% |
| PAT margin % | 9.9% | 21.7% | 23.8% | 14.6% | 13.6% | 10.3% | 11.8% | 11.7% |
| Working capital | ||||||||
| Receivable days | 66 | 60 | 67 | 65 | 56 | 56 | 54 | 55 |
| Inventory days | 56 | 63 | 85 | 72 | 78 | 82 | 72 | 54 |
| Payable days | — | — | 125 | 100 | 81 | 82 | 77 | 67 |
| NWC days | — | — | 27 | 38 | 53 | 56 | 48 | 42 |
| Leverage | ||||||||
| Current ratio | -693.42 | -668.52 | 1.87 | 1.64 | 1.42 | 1.95 | 2.59 | 3.12 |
| Debt to EBITDA | — | — | 0.05 | 0.07 | 0.25 | 0 | 0.01 | 0 |
| Debt to equity | — | — | 0.03 | 0.02 | 0.07 | 0 | 0 | 0 |
| Interest coverage | 9.8 | 23.1 | 64.3 | 79.9 | 93.9 | 47 | 247.2 | 209.1 |
| Asset turnover | 1.13 | 1.27 | 1.08 | 1.13 | 1.06 | 0.91 | 0.88 | 0.81 |
| Return ratios | ||||||||
| Return on assets % | 11.2% | 27.5% | 25.8% | 16.4% | 14.4% | 9.4% | 10.4% | 9.5% |
| Return on capital employed % | 20.9% | 30.9% | 49.4% | 32.1% | 27.3% | 16% | 17.2% | 15.2% |
| Return on equity % | 22.9% | 40.1% | 37.3% | 22.7% | 19.6% | 11.7% | 13.3% | 11.7% |
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.