Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 48.7% | 58.7% | 53.5% | 46.8% | 44.1% | 40% | 43.1% |
| EBITDA margin % | 14% | 14.3% | 19.7% | 16% | 8.9% | 10% | 11.7% | 13.8% |
| EBIT margin % | 11% | 11.7% | 16.6% | 13.2% | 6.8% | 8.2% | 10.1% | 11.5% |
| PAT margin % | 7.4% | 9.2% | 12.8% | 11.8% | 5.9% | 6.6% | 7.4% | 8.6% |
| Working capital | ||||||||
| Receivable days | — | — | 31 | 17 | 10 | 17 | 13 | 15 |
| Inventory days | — | — | 112 | 99 | 82 | 89 | 76 | 98 |
| Payable days | — | — | 64 | 72 | 25 | 32 | 25 | 24 |
| NWC days | — | — | 80 | 43 | 67 | 74 | 64 | 89 |
| Leverage | ||||||||
| Current ratio | — | — | 2.95 | 2.44 | 2.48 | 1.75 | 1.68 | 2.58 |
| Debt to EBITDA | — | — | 0.11 | 0.06 | 1.52 | 1.35 | 0.77 | 0.46 |
| Debt to equity | — | — | 0.04 | 0.01 | 0.26 | 0.25 | 0.19 | 0.1 |
| Interest coverage | 22.2 | 31.6 | 54.4 | 88.3 | 40.1 | 19.6 | 20.2 | 20 |
| Asset turnover | — | — | 1.37 | 1.28 | 1.31 | 1.24 | 1.53 | 1.21 |
| Return ratios | ||||||||
| Return on assets % | — | — | 17.6% | 15.2% | 7.7% | 8.2% | 11.4% | 10.3% |
| Return on capital employed % | — | — | 30.5% | 28.2% | 15% | 15.6% | 21.9% | 19.2% |
| Return on equity % | — | — | 23% | 19.4% | 11.4% | 12% | 15.7% | 12.7% |
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.