Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 66% | 36.4% | 34.5% | 30.7% | 30.1% | 30.9% | 31.3% | 30.6% |
| EBITDA margin % | 13.3% | 13.9% | 13.5% | 11.3% | 10.8% | 11.7% | 11.4% | 11.3% |
| EBIT margin % | 10.4% | 10.2% | 9.7% | 7.9% | 7.6% | 8.6% | 8.4% | 8.3% |
| PAT margin % | 8% | 8.4% | 7.6% | 37.8% | 6.2% | 6.6% | 6.5% | 6.4% |
| Working capital | ||||||||
| Receivable days | 37 | 30 | 32 | 35 | 32 | 29 | 35 | 31 |
| Inventory days | 183 | 128 | 130 | 105 | 107 | 107 | 123 | 106 |
| Payable days | 116 | — | 91 | 69 | 55 | 76 | 91 | 95 |
| NWC days | 104 | — | 71 | 71 | 84 | 60 | 67 | 42 |
| Leverage | ||||||||
| Current ratio | 1.77 | 1.91 | 1.9 | 1.95 | 2.05 | 1.63 | 1.52 | 1.37 |
| Debt to EBITDA | — | — | 0 | 0.01 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 187.8 | 113.4 | 43.8 | 27.7 | 42.1 | 30 | 33.8 | 44 |
| Asset turnover | 1.3 | 1.2 | 1.04 | 0.93 | 1.04 | 0.95 | 0.88 | 0.9 |
| Return ratios | ||||||||
| Return on assets % | 10.3% | 10% | 7.9% | 35% | 6.4% | 6.2% | 5.7% | 5.8% |
| Return on capital employed % | 19.3% | 16.8% | 15.1% | 11.7% | 11.1% | 11.6% | 10.4% | 10.2% |
| Return on equity % | 14.1% | 959.9% | 11% | 44.2% | 8.1% | 8% | 7.5% | 7.6% |
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.