Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 42.6% | 44.7% | 45.5% | 38% | 39.1% | 44.2% | 43.2% | 44.5% |
| EBITDA margin % | 20.2% | 22.4% | 24.3% | 18.2% | 19.4% | 22.8% | 18.8% | 20.1% |
| EBIT margin % | 17.8% | 18.4% | 20.5% | 15.3% | 16.8% | 20.4% | 15.7% | 16.6% |
| PAT margin % | 13% | 15.4% | 16.5% | 12.4% | 13.6% | 17.3% | 12.1% | 13.8% |
| Working capital | ||||||||
| Receivable days | 25 | 24 | 36 | 42 | 42 | 43 | 39 | 38 |
| Inventory days | 84 | 109 | 113 | 123 | 106 | 108 | 127 | 103 |
| Payable days | 1 | 68 | 102 | 82 | 61 | 69 | 68 | 67 |
| NWC days | 108 | 65 | 47 | 84 | 87 | 82 | 99 | 75 |
| Leverage | ||||||||
| Current ratio | 1.55 | 1.82 | 2.17 | 2.26 | 2.38 | 2.34 | 2.3 | 2.46 |
| Debt to EBITDA | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0.01 | 0.19 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.06 |
| Interest coverage | 106.8 | 45 | 58.1 | 61.5 | 60 | 61.7 | 37.7 | 47.3 |
| Asset turnover | 1.36 | 1.27 | 1.05 | 1.27 | 1.34 | 1.19 | 1.11 | 1.02 |
| Return ratios | ||||||||
| Return on assets % | 17.8% | 19.5% | 17.4% | 15.7% | 18.2% | 20.5% | 13.5% | 14.1% |
| Return on capital employed % | 38.5% | 37.4% | 35.6% | 31.7% | 36.1% | 39.1% | 27% | 27.7% |
| Return on equity % | 27.5% | 28.1% | 25.2% | 23.5% | 26.3% | 28.9% | 18.9% | 20.4% |
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.