Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 25.9% | 25.9% | 16.2% | 22.8% | 22.7% | 22.4% | 21.4% | 21.2% |
| EBIT margin % | 19.7% | 17.9% | 8% | 15.8% | 15.9% | 15.4% | 15.1% | 14.6% |
| PAT margin % | 17.7% | 5.8% | 7.9% | 14% | 14.4% | 14.3% | 14.4% | 13.5% |
| Working capital | ||||||||
| Receivable days | — | — | 9 | 8 | 10 | 14 | 16 | 19 |
| Inventory days | — | — | 2 | 2 | 2 | 3 | 3 | 3 |
| Payable days | — | — | 18 | 26 | 22 | 16 | 12 | 13 |
| NWC days | — | — | -8 | -16 | -10 | 1 | 7 | 9 |
| Leverage | ||||||||
| Current ratio | — | — | 2.46 | 2.62 | 3.07 | 3.39 | 4.04 | 3.82 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 2,283.3 | 40 | 23.5 | 26.8 | 28.3 | 26.1 | 25.9 | 22.8 |
| Asset turnover | — | — | 0.52 | 0.59 | 0.61 | 0.62 | 0.62 | 0.61 |
| Return ratios | ||||||||
| Return on assets % | — | — | 4.1% | 8.3% | 8.8% | 8.9% | 8.9% | 8.2% |
| Return on capital employed % | — | — | 7.3% | 13.1% | 13.8% | 13.9% | 14% | 12.6% |
| Return on equity % | — | — | 4.9% | 9.9% | 10.4% | 10.4% | 10.3% | 9.5% |
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.