Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | 32% | 31% | 33.8% | 35.1% |
| EBITDA margin % | 18.7% | 18.9% | 22.1% | 19.6% | 16% | 11.2% | 14.9% | 16% |
| EBIT margin % | 18.7% | 17.2% | 19.7% | 17.7% | 13.9% | 8.8% | 12.6% | 13.9% |
| PAT margin % | 12.1% | 11.2% | 15.1% | 13.6% | 10.6% | 7.8% | 10.7% | 11.5% |
| Working capital | ||||||||
| Receivable days | — | 103 | 99 | 130 | 96 | 138 | 130 | 113 |
| Inventory days | — | 95 | 72 | 97 | 141 | 135 | 136 | 150 |
| Payable days | — | — | — | — | 33 | 37 | 67 | 44 |
| NWC days | — | — | — | — | 204 | 236 | 200 | 219 |
| Leverage | ||||||||
| Current ratio | — | — | — | — | 4.64 | 4.6 | 4.19 | 7.78 |
| Debt to EBITDA | — | — | — | — | 0.14 | 0.69 | 0.49 | 0.01 |
| Debt to equity | — | — | — | — | 0.03 | 0.08 | 0.08 | 0 |
| Interest coverage | — | 10.9 | 40.4 | 36.1 | 32.8 | 38 | 36.8 | 46.6 |
| Asset turnover | — | 1.31 | 1.2 | 1.19 | 1.14 | 0.88 | 0.85 | 0.88 |
| Return ratios | ||||||||
| Return on assets % | — | 14.8% | 18.1% | 16.2% | 12.1% | 6.8% | 9% | 10.2% |
| Return on capital employed % | — | — | — | — | 20.9% | 11.8% | 16.4% | 17.9% |
| Return on equity % | — | 27% | 22.5% | 24.3% | 14.5% | 8.3% | 11.3% | 11.4% |
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.