Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 46.5% | 47.4% | 43.9% | 44.4% | 46.6% | ||
| 45.9% |
| 45% |
| EBITDA margin % | 11.5% | 15.8% | 11.8% | 12.1% | 14.4% | 12.7% | 11.9% |
| EBIT margin % | 6% | 10.8% | 7.1% | 8.2% | 10.6% | 8.6% | 7.5% |
| PAT margin % | 4% | 8.1% | 5.8% | 6% | 8.2% | 7% | 6.3% |
| Working capital | |||||||
| Receivable days | 38 | 29 | 28 | 25 | 31 | 27 | 32 |
| Inventory days | 41 | 46 | 54 | 41 | 46 | 52 | 43 |
| Payable days | 44 | 46 | 38 | 38 | 45 | 38 | 37 |
| NWC days | 35 | 30 | 44 | 28 | 31 | 42 | 38 |
| Leverage | |||||||
| Current ratio | 1.3 | 2.31 | 2.05 | 1.75 | 1.61 | 2.16 | 2.45 |
| Debt to EBITDA | 1.31 | 0.9 | 1 | 0.79 | 1.03 | 0.59 | 0.49 |
| Debt to equity | 0.35 | 0.29 | 0.24 | 0.24 | 0.37 | 0.12 | 0.09 |
| Interest coverage | 3.3 | 10.6 | 10.8 | 8.9 | 15 | 13.6 | 14.6 |
| Asset turnover | 1.29 | 1.27 | 1.33 | 1.6 | 1.45 | 1.19 | 1.24 |
| Return ratios | |||||||
| Return on assets % | 5.1% | 10.3% | 7.7% | 9.7% | 11.9% | 8.3% | 7.8% |
| Return on capital employed % | 11.8% | 20.6% | 13.6% | 19.2% | 24.7% | 17.2% | 13.4% |
| Return on equity % | 9.2% | 16.4% | 11.9% | 15% | 20.2% | 11.1% | 10.1% |
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.