Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 32.2% | 30.5% | 28.7% | 28.2% | 28.8% | 29% | 32.5% |
| EBITDA margin % | 11.8% | 9.8% | 7.3% | 9% | 11.1% | 11.1% | 10.6% | 10.9% |
| EBIT margin % | 9.4% | 5.9% | 3.3% | 6.6% | 9.3% | 9.4% | 9% | 9.2% |
| PAT margin % | 6.3% | 4.3% | 2.5% | 5% | 7% | 7.5% | 9.3% | 7.6% |
| Working capital | ||||||||
| Receivable days | — | — | 114 | 95 | 78 | 60 | 77 | 82 |
| Inventory days | — | — | 116 | 68 | 50 | 58 | 57 | 53 |
| Payable days | — | — | 168 | 119 | 69 | 65 | 75 | 83 |
| NWC days | — | — | 62 | 45 | 60 | 52 | 59 | 52 |
| Leverage | ||||||||
| Current ratio | — | — | 1.74 | 1.9 | 2.37 | 2.92 | 3.1 | 2.96 |
| Debt to EBITDA | — | — | 0.22 | 0.08 | 0.04 | 0.03 | 0 | 0 |
| Debt to equity | — | — | 0.03 | 0.02 | 0.01 | 0.01 | 0 | 0 |
| Interest coverage | 337.9 | 35.2 | 12.4 | 41.5 | 75.7 | 85.1 | 71.9 | 148.6 |
| Asset turnover | — | — | 0.96 | 1.43 | 2.01 | 1.81 | 1.53 | 1.43 |
| Return ratios | ||||||||
| Return on assets % | — | — | 2.4% | 7.1% | 14% | 13.5% | 14.3% | 10.8% |
| Return on capital employed % | — | — | 6.3% | 16.7% | 30.8% | 26.8% | 22.5% | 22.1% |
| Return on equity % | — | — | 4.1% | 12% | 21.3% | 19% | 19.8% | 15% |
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.