Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 66.9% | 67.7% | 64% | 57.9% | 54% | 55% | 54.2% | 60.4% |
| EBITDA margin % | 30.6% | 24.9% | 26.6% | 20.3% | 14.9% | 16.4% | 14.1% | 20.6% |
| EBIT margin % | 29.9% | 24.3% | 26% | 19.8% | 14% | 15.4% | 13% | 19.3% |
| PAT margin % | 24.9% | 22.6% | 24.4% | 19.9% | 14.7% | 16.4% | 13.8% | 17.7% |
| Working capital | ||||||||
| Receivable days | — | — | 9 | 8 | 12 | 16 | 28 | 25 |
| Inventory days | — | — | 48 | 56 | 41 | 45 | 44 | 48 |
| Payable days | — | — | 4 | 2 | 37 | 34 | 42 | 33 |
| NWC days | — | — | 53 | 62 | 16 | 28 | 30 | 41 |
| Leverage | ||||||||
| Current ratio | — | — | 5.29 | 6.32 | 6.08 | 5.76 | 4.73 | 3.79 |
| Debt to EBITDA | — | — | 0.02 | — | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0.01 | — | 0 | 0 | 0 | 0 |
| Interest coverage | 263.1 | 55.6 | 206.2 | 216.8 | 185.2 | 191.5 | 293 | 148.7 |
| Asset turnover | — | — | 1.02 | 0.94 | 1 | 0.96 | 1.01 | 1.14 |
| Return ratios | ||||||||
| Return on assets % | — | — | 25% | 18.7% | 14.7% | 15.7% | 14% | 20.2% |
| Return on capital employed % | — | — | 35.9% | 27% | 20.7% | 22.7% | 18.9% | 29.5% |
| Return on equity % | — | — | 29.5% | 21.6% | 17% | 18.3% | 16.5% | 24.4% |
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.