Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 62.3% | 60.7% | 66.7% | 66.3% | 60.3% | 59.8% | 60% | 61.3% |
| EBITDA margin % | 37.9% | 34.2% | 41.5% | 43.7% | 30.8% | 28.4% | 32.4% | 33.6% |
| EBIT margin % | 34.4% | 30.7% | 37.7% | 40.2% | 26.3% | 23.5% | 28% | 29.1% |
| PAT margin % | 27.3% | 25.9% | 28.8% | 33.2% | 23.7% | 20.6% | 24% | 25.1% |
| Working capital | ||||||||
| Receivable days | — | — | 94 | 106 | 94 | 108 | 113 | 113 |
| Inventory days | — | — | 329 | 323 | 335 | 353 | 301 | 337 |
| Payable days | — | — | 121 | 94 | 89 | 96 | 87 | 108 |
| NWC days | — | — | 302 | 334 | 340 | 366 | 327 | 343 |
| Leverage | ||||||||
| Current ratio | — | — | 5.63 | 7.1 | 8.56 | 7.6 | 7.03 | 5.47 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 524.8 | 300.2 | 3,809.5 | 5,657.2 | 4,528.1 | 711.7 | 2,930 | 153.6 |
| Asset turnover | — | — | 0.63 | 0.67 | 0.53 | 0.5 | 0.55 | 0.52 |
| Return ratios | ||||||||
| Return on assets % | — | — | 18.2% | 22.2% | 12.6% | 10.3% | 13.1% | 13.1% |
| Return on capital employed % | — | — | 27.3% | 33.8% | 18.5% | 15.6% | 19.9% | 21.2% |
| Return on equity % | — | — | 21.1% | 25.2% | 14.2% | 11.7% | 14.8% | 15.6% |
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.