Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 36.1% | 34.7% | 36.2% | 33.1% | 32.5% | 35.6% | 36.2% | 36.8% |
| EBITDA margin % | 15.3% | 11.4% | 13.4% | 14.4% | 16.1% | 19.7% | 20% | 21.4% |
| EBIT margin % | 13.3% | 9.1% | 10.5% | 12.2% | 14.2% | 17.9% | 18.2% | 19.7% |
| PAT margin % | 12.8% | 12.2% | 14.3% | 14.4% | 14.6% | 18.5% | 18.4% | 19.2% |
| Working capital | ||||||||
| Receivable days | — | — | 91 | 74 | 75 | 85 | 81 | 83 |
| Inventory days | — | — | 74 | 65 | 62 | 59 | 57 | 56 |
| Payable days | — | — | 96 | 89 | 80 | 89 | 87 | 79 |
| NWC days | — | — | 68 | 50 | 57 | 55 | 51 | 60 |
| Leverage | ||||||||
| Current ratio | — | — | 2.93 | 2.53 | 2.7 | 2.9 | 3.11 | 3.32 |
| Debt to EBITDA | — | — | 0.03 | 0.44 | 0.28 | 0.06 | 0 | 0 |
| Debt to equity | — | — | 0 | 0.08 | 0.07 | 0.02 | 0 | 0 |
| Interest coverage | 64.6 | 39.5 | 51 | 90.3 | 96.5 | 81.1 | 166.1 | 251.2 |
| Asset turnover | — | — | 0.76 | 0.9 | 1.03 | 1.05 | 1.08 | 1.13 |
| Return ratios | ||||||||
| Return on assets % | — | — | 10.8% | 13% | 15% | 19.5% | 19.8% | 21.7% |
| Return on capital employed % | — | — | 17.9% | 21.5% | 28.4% | 35.9% | 36.3% | 39.8% |
| Return on equity % | — | — | 14% | 18.3% | 21% | 26.9% | 27.2% | 29.5% |
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.