Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 35% | 38.3% | 37.8% | 34% | ||||
| 33% |
| 34.7% |
| 35.2% |
| 33.9% |
| EBITDA margin % | 13.5% | 15% | 15.3% | 12.8% | 11.5% | 12.8% | 13% | 12.2% |
| EBIT margin % | 10.3% | 11% | 11.1% | 9.2% | 8% | 9.4% | 9.7% | 9% |
| PAT margin % | 6.6% | 8.7% | 8.2% | 6.7% | 6% | 7.5% | 7.7% | 6.9% |
| Working capital | ||||||||
| Receivable days | 47 | 35 | 62 | 51 | 46 | 50 | 47 | 43 |
| Inventory days | 29 | 32 | 41 | 36 | 35 | 34 | 36 | 37 |
| Payable days | — | — | 65 | 51 | 46 | 48 | 52 | 50 |
| NWC days | — | — | 38 | 35 | 35 | 36 | 31 | 30 |
| Leverage | ||||||||
| Current ratio | 1.3 | 1.53 | 2.22 | 2.4 | 2.33 | 2.56 | 2.55 | 2.36 |
| Debt to EBITDA | 0.29 | 0.2 | 0.07 | 0.05 | 0.04 | 0.01 | 0.02 | 0.02 |
| Debt to equity | 0.1 | 0.06 | 0.02 | 0.01 | 0.01 | 0 | 0.01 | 0.01 |
| Interest coverage | 33.5 | 53.5 | 112.9 | 301.8 | 132.7 | 265.3 | 362.5 | 100.7 |
| Asset turnover | 1.83 | 1.66 | 1.39 | 1.52 | 1.65 | 1.68 | 1.64 | 1.72 |
| Return ratios | ||||||||
| Return on assets % | 12.1% | 14.3% | 11.4% | 10.2% | 10% | 12.5% | 12.6% | 11.8% |
| Return on capital employed % | 29.3% | 25.9% | 21.3% | 19% | 17.7% | 22% | 22.5% | 21.5% |
| Return on equity % | 17.2% | 18.5% | 14.5% | 12.7% | 12.3% | 15.4% | 15.6% | 14.9% |
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.