Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 48.3% | 45.1% | 40.8% | 41.1% | 42.2% | 45.6% | 45.1% | 44% |
| EBITDA margin % | 30.1% | 24.3% | 20.7% | 20.9% | 24.1% | 27.2% | 25.8% | 25.6% |
| EBIT margin % | 27% | 20.1% | 15.6% | 16.5% | 20.5% | 23.8% | 22.1% | 22.1% |
| PAT margin % | 21% | 21% | 15.4% | 15.7% | 18.6% | 23.3% | 23.2% | 22.2% |
| Working capital | ||||||||
| Receivable days | 47 | 33 | 11 | 18 | 18 | 13 | 21 | 22 |
| Inventory days | 93 | 70 | 55 | 55 | 41 | 45 | 40 | 37 |
| Payable days | 7 | 6 | 107 | 108 | 79 | 85 | 88 | 77 |
| NWC days | 132 | 97 | -41 | -35 | -20 | -27 | -27 | -18 |
| Leverage | ||||||||
| Current ratio | 1.17 | 1.03 | 3.6 | 1.91 | 1.15 | 1.15 | 1.69 | 1.99 |
| Debt to EBITDA | 0.1 | 0.01 | 0 | 0 | 0.03 | 0.04 | 0.04 | 0.04 |
| Debt to equity | 0.08 | 0 | 0 | 0 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest coverage | 1,054.7 | 224.8 | 194.8 | 207.1 | 271.5 | 259.9 | 228.9 | 244.7 |
| Asset turnover | 1.26 | 1.3 | 0.68 | 0.71 | 0.83 | 0.79 | 0.77 | 0.79 |
| Return ratios | ||||||||
| Return on assets % | 26.4% | 27.4% | 10.5% | 11.1% | 15.5% | 18.3% | 17.8% | 17.6% |
| Return on capital employed % | 86.7% | 65.3% | 25.8% | 19.6% | 27.9% | 32.2% | 29.5% | 30.6% |
| Return on equity % | 57.5% | 54.7% | 13.7% | 14.7% | 20.4% | 23.9% | 23.1% | 23.1% |
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.