Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 71.4% | 69.8% | 69.1% | 65% | 70.1% | 74.1% | 73.8% | 67.2% |
| EBITDA margin % | 21.6% | 24.2% | 23.5% | 18% | 24.9% | 30.4% | 31.9% | 19.1% |
| EBIT margin % | 14.3% | 17.6% | 17.2% | 12.4% | 19.4% | 25.4% | 27.4% | 13.2% |
| PAT margin % | 12% | 24.8% | 16.4% | 11.3% | 15.4% | 22.3% | 23.1% | 15.7% |
| Working capital | ||||||||
| Receivable days | — | — | 112 | 125 | 92 | 87 | 94 | 73 |
| Inventory days | — | — | 250 | 242 | 219 | 291 | 275 | 268 |
| Payable days | — | — | 118 | 121 | 127 | 148 | 120 | 103 |
| NWC days | — | — | 243 | 247 | 184 | 230 | 250 | 239 |
| Leverage | ||||||||
| Current ratio | — | — | 2.4 | 2.23 | 3.16 | 3.22 | 1.91 | 1.66 |
| Debt to EBITDA | — | — | 0.38 | 0.84 | 0.01 | 0.12 | 0.46 | 1.38 |
| Debt to equity | — | — | 0.07 | 0.12 | 0 | 0.03 | 0.12 | 0.17 |
| Interest coverage | 30.9 | 59.1 | 66.4 | 59.5 | 229.8 | 266.7 | 66.8 | 29.7 |
| Asset turnover | — | — | 0.62 | 0.59 | 0.67 | 0.64 | 0.6 | 0.47 |
| Return ratios | ||||||||
| Return on assets % | — | — | 10.1% | 6.6% | 10.3% | 14.3% | 14% | 7.4% |
| Return on capital employed % | — | — | 18.2% | 12.7% | 19.7% | 25.4% | 27% | 14.2% |
| Return on equity % | — | — | 12.9% | 8.9% | 12.8% | 17.9% | 18.5% | 10.3% |
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.