Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 62.5% | 63.6% | 63.9% | 62.3% | 68.8% | 67.2% |
| EBITDA margin % | 10.9% | 12.8% | 16.6% | 18.1% | 26.7% | 26.8% | 37.8% | 33% |
| EBIT margin % | 8.3% | 10.2% | 14.4% | 16.2% | 25.1% | 25.4% | 36.5% | 31.3% |
| PAT margin % | 8.9% | 12.5% | 14.1% | 16.1% | 20.8% | 23.5% | 30.8% | 27.7% |
| Working capital | ||||||||
| Receivable days | 139 | 0 | 115 | 115 | 108 | 89 | 114 | 149 |
| Inventory days | 64 | 0 | 189 | 141 | 141 | 113 | 84 | 84 |
| Payable days | 0 | 0 | 123 | 137 | 91 | 70 | 53 | 61 |
| NWC days | 203 | 0 | 182 | 119 | 157 | 131 | 145 | 173 |
| Leverage | ||||||||
| Current ratio | 3.18 | — | 3.04 | 2.85 | 2.73 | 4.23 | 4.53 | 7.73 |
| Debt to EBITDA | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | — | 270.5 | — | — | — | — | — |
| Asset turnover | 0.67 | 159.31 | 0.63 | 0.67 | 0.77 | 0.78 | 0.78 | 0.66 |
| Return ratios | ||||||||
| Return on assets % | 6% | 1,987.5% | 8.9% | 10.7% | 16% | 18.3% | 23.9% | 18.3% |
| Return on capital employed % | 10.1% | 25.3% | 28.3% | 17.6% | 27.7% | 31.2% | 41.4% | 29.9% |
| Return on equity % | 7.4% | 64.5% | 10.7% | 13.3% | 19.5% | 21.4% | 27.6% | 20.8% |
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.