Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 14.7% | 14.8% | 14.4% | 14.2% | 14.5% | 14.1% | 14.1% | 14.3% |
| EBITDA margin % | 8.3% | 8.6% | 7.3% | 8.2% | 8.8% | 8.3% | 7.9% | 7.9% |
| EBIT margin % | 7.2% | 7.2% | 5.8% | 6.9% | 7.4% | 7% | 6.5% | 6.5% |
| PAT margin % | 4.7% | 5.5% | 4.9% | 5.3% | 6.1% | 5.4% | 5.1% | 4.8% |
| Working capital | ||||||||
| Receivable days | 1 | — | 1 | 3 | 2 | 3 | 2 | 2 |
| Inventory days | 34 | — | 39 | 36 | 31 | 32 | 35 | 36 |
| Payable days | — | — | 10 | 7 | 7 | 8 | 7 | 8 |
| NWC days | — | — | 30 | 32 | 26 | 27 | 30 | 30 |
| Leverage | ||||||||
| Current ratio | 1.67 | — | 3.7 | 3.06 | 4 | 3.23 | 3.02 | 2.01 |
| Debt to EBITDA | 0.26 | — | 0.17 | 0.17 | 0.12 | 0.11 | 0.15 | 0.43 |
| Debt to equity | 0.08 | — | 0.02 | 0.03 | 0.03 | 0.02 | 0.03 | 0.09 |
| Interest coverage | 31.7 | 29.4 | 45.8 | 56.1 | 68.2 | 82.6 | 68.2 | 34.2 |
| Asset turnover | 2.85 | — | 1.74 | 1.97 | 2.29 | 2.3 | 2.32 | 2.21 |
| Return ratios | ||||||||
| Return on assets % | 13.4% | — | 8.5% | 10.5% | 14% | 12.5% | 11.8% | 10.6% |
| Return on capital employed % | 27.9% | — | 12.6% | 16.5% | 21% | 20% | 18.5% | 17.9% |
| Return on equity % | 16.7% | — | 9.5% | 11.6% | 15.5% | 14% | 13.2% | 12.6% |
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.