Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 40.5% | 41.2% | 44% | 39.4% | 38% | 40.4% | 38.2% | 37.7% |
| EBITDA margin % | 22.9% | 21.6% | 24.1% | 21.4% | 20.6% | 27.1% | 24.1% | 20.5% |
| EBIT margin % | 22% | 20.7% | 23% | 20.4% | 19.5% | 26% | 22.4% | 18.4% |
| PAT margin % | 15.4% | 8.4% | 27.8% | 17.6% | 17.6% | 26.4% | 22.1% | 23.2% |
| Working capital | ||||||||
| Receivable days | — | 111 | 163 | 110 | 90 | 95 | 80 | 93 |
| Inventory days | — | 62 | 109 | 117 | 74 | 55 | 72 | 98 |
| Payable days | — | 86 | 120 | 100 | 79 | 86 | 73 | 63 |
| NWC days | — | 87 | 153 | 127 | 86 | 63 | 79 | 129 |
| Leverage | ||||||||
| Current ratio | — | 2.99 | 3.37 | 3.44 | 2.98 | 3.09 | 3.4 | 4.58 |
| Debt to EBITDA | — | 0.1 | 0.11 | 0.04 | 0.12 | 0.05 | 0 | 0 |
| Debt to equity | — | 0.02 | 0.02 | 0.01 | 0.03 | 0.01 | 0 | 0 |
| Interest coverage | 45.7 | 103.2 | 156.2 | 112.3 | 119.8 | 174.5 | 213.6 | 215.1 |
| Asset turnover | 4.22 | 0.75 | 0.61 | 0.92 | 0.92 | 0.97 | 0.63 | 0.49 |
| Return ratios | ||||||||
| Return on assets % | 64.9% | 6.3% | 16.9% | 16.3% | 16.1% | 25.7% | 14% | 11.2% |
| Return on capital employed % | — | 20.2% | 27.4% | 28.2% | 27.5% | 44.5% | 25.2% | 16.3% |
| Return on equity % | — | 7.3% | 19.9% | 19.8% | 19.3% | 30.9% | 15.4% | 12.2% |
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.