Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 57.8% | 60% | 57.6% | 58% | 57.4% | 57.3% | 56.2% | 56.1% |
| EBITDA margin % | 16.7% | 15.7% | 16.5% | 16.7% | 18.5% | 18.8% | 16.5% | 15.7% |
| EBIT margin % | 12.5% | 11.7% | 12.8% | 13.7% | 15.5% | 16% | 13.7% | 12.6% |
| PAT margin % | 9.3% | 11.6% | 11% | 11.5% | 13.2% | 13.3% | 11.4% | 13.6% |
| Working capital | ||||||||
| Receivable days | — | 57 | 69 | 55 | 57 | 52 | 58 | 65 |
| Inventory days | — | 181 | 152 | 157 | 130 | 117 | 130 | 127 |
| Payable days | — | 70 | 109 | 93 | 82 | 73 | 56 | 60 |
| NWC days | — | 168 | 113 | 118 | 105 | 97 | 133 | 132 |
| Leverage | ||||||||
| Current ratio | — | 4.65 | 3.9 | 1.62 | 2.01 | 3.41 | 3.64 | 3.81 |
| Debt to EBITDA | — | 0 | 0 | 0.44 | 0.22 | 0 | 0.04 | 0 |
| Debt to equity | — | 0 | 0 | 0.09 | 0.05 | 0 | 0.01 | 0 |
| Interest coverage | 264.7 | 685.4 | 948 | 357.2 | 28 | 112.6 | 2,502.7 | 3,281.1 |
| Asset turnover | — | 1.05 | 0.91 | 0.98 | 1.03 | 1.02 | 0.99 | 0.94 |
| Return ratios | ||||||||
| Return on assets % | — | 12.2% | 10% | 11.2% | 13.6% | 13.5% | 11.2% | 12.7% |
| Return on capital employed % | — | 17.3% | 17.4% | 20.9% | 22.3% | 21.5% | 17.4% | 19% |
| Return on equity % | — | 14% | 12% | 14.6% | 16.5% | 15.2% | 12.6% | 14.3% |
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.