Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 59.6% | 61.2% | 62.5% | 67.2% | 68.3% | 69% |
| EBITDA margin % | 35% | 41.2% | 44.3% | 41.6% | 41.6% | 45.9% | 44.1% | 45.8% |
| EBIT margin % | 31.2% | 37.6% | 39.7% | 36.7% | 36.8% | 41.6% | 40.8% | 42.3% |
| PAT margin % | 27.6% | 36.2% | 32.4% | 35.6% | 44.3% | 45.4% | 45.1% | 53.7% |
| Working capital | ||||||||
| Receivable days | — | 147 | 74 | 37 | 61 | 75 | 85 | 131 |
| Inventory days | — | 25 | 47 | 76 | 95 | 153 | 102 | 137 |
| Payable days | — | 58 | 131 | 116 | 150 | 140 | 93 | 148 |
| NWC days | — | 114 | -10 | -2 | 6 | 89 | 93 | 120 |
| Leverage | ||||||||
| Current ratio | — | — | 6.63 | 6.13 | 4.52 | 5.89 | 8.27 | 6.77 |
| Debt to EBITDA | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 3,378.5 | 1,333.2 | 1,235.9 | 2,782.2 | 2,443.9 | 3,658.4 | 3,681.6 | 2,538.6 |
| Asset turnover | — | 0.79 | 0.56 | 0.5 | 0.41 | 0.41 | 0.41 | 0.33 |
| Return ratios | ||||||||
| Return on assets % | — | 28.6% | 18.1% | 17.8% | 18% | 18.6% | 18.7% | 17.9% |
| Return on capital employed % | — | — | 26.8% | 28.8% | 27.8% | 28.6% | 28.3% | 26.8% |
| Return on equity % | — | 32.9% | 20.6% | 20.2% | 20.6% | 20.4% | 20% | 19.3% |
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.