Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 64.8% | 62.5% | 61.4% | 60.3% | 60.2% | 59.1% | 58.3% | 59% |
| EBITDA margin % | 22.9% | 23.7% | 24.5% | 23.8% | 25.6% | 25.3% | 24.3% | 24.7% |
| EBIT margin % | 18.6% | 19% | 18.6% | 18% | 20.4% | 21.2% | 20.7% | 21.2% |
| PAT margin % | 17.2% | 13.7% | 14.4% | 16.2% | 17.8% | 16.2% | 31.1% | 18% |
| Working capital | ||||||||
| Receivable days | 98 | 93 | 101 | 91 | 92 | 84 | 83 | 94 |
| Inventory days | 368 | 316 | 311 | 236 | 224 | 221 | 195 | 203 |
| Payable days | 8 | 9 | 59 | 60 | 63 | 71 | 57 | 64 |
| NWC days | 458 | 400 | 352 | 267 | 253 | 233 | 222 | 233 |
| Leverage | ||||||||
| Current ratio | 3.26 | 2.83 | 4.49 | 4.46 | 4.29 | 3.31 | 3.78 | 3.62 |
| Debt to EBITDA | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 128.4 | 43.9 | 31.4 | 46.1 | 48.5 | 47.1 | 26.9 | 32.5 |
| Asset turnover | 0.69 | 0.75 | 0.7 | 0.78 | 0.79 | 0.79 | 0.74 | 0.72 |
| Return ratios | ||||||||
| Return on assets % | 11.9% | 10.3% | 10% | 12.6% | 14% | 12.8% | 22.9% | 13% |
| Return on capital employed % | 19.6% | 18.8% | 16.7% | 18% | 21.3% | 22.7% | 21.9% | 22.1% |
| Return on equity % | 14.8% | 13.1% | 12.5% | 15.8% | 17.5% | 16.4% | 27.3% | 15.8% |
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.