Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 66.3% | 67.2% | 65.9% | 64% | 67.2% | 68.7% | 70.4% |
| EBITDA margin % | 21.8% | 24.8% | 32.7% | 31.3% | 26.8% | 29.2% | 30% | 31.2% |
| EBIT margin % | 21.8% | 11.1% | 18.7% | 19.9% | 19.3% | 23.5% | 24.9% | 26.1% |
| PAT margin % | 12.3% | 12.1% | 18.4% | 29.7% | 19.7% | 23.7% | 27.5% | 27.6% |
| Working capital | ||||||||
| Receivable days | — | — | 14 | 25 | 33 | 35 | 33 | 23 |
| Inventory days | — | — | 116 | 123 | 102 | 102 | 97 | 135 |
| Payable days | — | — | 120 | 111 | 88 | 91 | 103 | 118 |
| NWC days | — | — | 10 | 37 | 47 | 46 | 27 | 39 |
| Leverage | ||||||||
| Current ratio | — | — | 1.83 | 1.22 | 2.24 | 2.39 | 2.92 | 3.01 |
| Debt to EBITDA | — | — | 0.06 | 0.24 | 0.01 | 0.01 | 0 | 0.08 |
| Debt to equity | — | — | 0.03 | 0.1 | 0 | 0 | 0 | 0.02 |
| Interest coverage | 30.2 | 19 | 48.8 | 200.7 | 163.6 | 356 | 443.8 | 465.8 |
| Asset turnover | — | — | 1.12 | 1.01 | 1.06 | 1.03 | 0.92 | 0.82 |
| Return ratios | ||||||||
| Return on assets % | — | — | 20.6% | 30.1% | 20.8% | 24.4% | 25.4% | 22.6% |
| Return on capital employed % | — | — | 32.5% | 35.1% | 27.4% | 31.9% | 35.2% | 29.9% |
| Return on equity % | — | — | 27% | 40.8% | 25.3% | 29.1% | 30% | 26.7% |
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.