Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 65.7% | 27.6% | 25.9% | 21.3% | 20.9% | 21.3% | 19.3% | 18.5% |
| EBITDA margin % | 14.7% | 12.9% | 12.8% | 11% | 11.1% | 11.6% | 9.7% | 10% |
| EBIT margin % | 13.4% | 11.5% | 11.4% | 10% | 10% | 10.7% | 8.8% | 9% |
| PAT margin % | 11.2% | 14% | 10.2% | 10.7% | 11.2% | 11.4% | 10.2% | 9.9% |
| Working capital | ||||||||
| Receivable days | — | — | 23 | 17 | 18 | 13 | 17 | 21 |
| Inventory days | — | — | 134 | 80 | 69 | 53 | 61 | 73 |
| Payable days | — | — | 31 | 23 | 21 | 22 | 21 | 16 |
| NWC days | — | — | 126 | 74 | 66 | 45 | 57 | 78 |
| Leverage | ||||||||
| Current ratio | — | — | 9.35 | 9.53 | 10.03 | 10.56 | 10.48 | 8.42 |
| Debt to EBITDA | — | — | 0 | 0 | 0.03 | 0.01 | 0 | 0.01 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 579.1 | 324.4 | 516.9 | 347.5 | 522 | 371.9 | 428.3 | 462.1 |
| Asset turnover | — | — | 0.85 | 1.05 | 1.1 | 1.08 | 1.05 | 1.12 |
| Return ratios | ||||||||
| Return on assets % | — | — | 8.7% | 11.2% | 12.3% | 12.4% | 10.7% | 11% |
| Return on capital employed % | — | — | 13.1% | 16.7% | 18.3% | 18.7% | 15.9% | 16.3% |
| Return on equity % | — | — | 9.6% | 12.4% | 13.5% | 13.6% | 11.8% | 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.