Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 16.7% | 17.7% | 16% | 12.7% | 16% | 15.8% | 15.4% | 14.6% |
| EBITDA margin % | 6.1% | 5.6% | 5.4% | 5.9% | 9.6% | 9.4% | 9.2% | 8.4% |
| EBIT margin % | 6% | 5% | 4.8% | 5.4% | 9.2% | 8.9% | 8.7% | 8% |
| PAT margin % | 3.4% | 4.7% | 4.1% | 4.5% | 7.2% | 7.4% | 7.5% | 6.6% |
| Working capital | ||||||||
| Receivable days | 96 | — | 90 | 93 | 94 | 100 | 97 | 103 |
| Inventory days | 52 | — | 56 | 45 | 52 | 29 | 24 | 29 |
| Payable days | — | — | 92 | 92 | 86 | 85 | 80 | 75 |
| NWC days | — | — | 54 | 46 | 61 | 44 | 40 | 57 |
| Leverage | ||||||||
| Current ratio | 2.23 | — | 2.35 | 2.2 | 2.31 | 2.45 | 2.51 | 2.5 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 475 | 115.3 | 64 | 144.2 | 121.7 | 129.1 | 195.4 | 114.6 |
| Asset turnover | 2.12 | — | 1.71 | 1.83 | 1.92 | 1.82 | 1.9 | 1.98 |
| Return ratios | ||||||||
| Return on assets % | 7.1% | — | 7.1% | 8.2% | 13.8% | 13.5% | 14.2% | 13.1% |
| Return on capital employed % | 22.6% | — | 15.8% | 20.2% | 34.9% | 31.2% | 31.8% | 29.5% |
| Return on equity % | 11.8% | — | 11.6% | 14.1% | 23.4% | 21.8% | 22.7% | 21.3% |
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.