Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 52.4% | 55% | 47% | 51.4% | 46.1% | 48.2% | 45.4% | 51.5% |
| EBITDA margin % | 26.3% | 28% | 24.7% | 24.3% | 20.1% | 23% | 22.9% | 21.4% |
| EBIT margin % | 23.1% | 24.3% | 20.9% | 20.3% | 17.1% | 19.9% | 19.6% | 18% |
| PAT margin % | 17.3% | 17.5% | 19.3% | 21.8% | 13.3% | 18.8% | 16.5% | 13.7% |
| Working capital | ||||||||
| Receivable days | — | — | 144 | 158 | 132 | 84 | 139 | 189 |
| Inventory days | — | — | 165 | 235 | 209 | 212 | 135 | 74 |
| Payable days | — | — | 66 | 109 | 100 | 81 | 81 | 77 |
| NWC days | — | — | 242 | 284 | 240 | 215 | 193 | 186 |
| Leverage | ||||||||
| Current ratio | — | — | 2.67 | 2.36 | 2.31 | 1.86 | 1.88 | 2.51 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0.15 | 0.16 | 0.58 |
| Debt to equity | — | — | 0 | 0 | 0 | 0.04 | 0.04 | 0.14 |
| Interest coverage | 33.7 | 83.9 | 182.5 | 61.1 | 53.7 | 54.5 | 45.1 | 17.5 |
| Asset turnover | — | — | 0.65 | 0.55 | 0.68 | 0.68 | 0.78 | 0.83 |
| Return ratios | ||||||||
| Return on assets % | — | — | 12.5% | 12% | 9% | 12.8% | 12.8% | 11.4% |
| Return on capital employed % | — | — | 17.7% | 16.6% | 17.3% | 23.4% | 24.1% | 21.2% |
| Return on equity % | — | — | 15.9% | 15.9% | 12.4% | 19.6% | 19.1% | 15.7% |
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.