Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 21.6% | 20.2% | 21.8% | 22.8% | 10.7% | 18.1% | 17.7% | 15.9% |
| EBITDA margin % | 12.7% | 11.6% | 11.4% | 15.1% | 4.6% | 10.2% | 10.4% | 7.5% |
| EBIT margin % | 10.7% | 9.1% | 8% | 12.8% | 2.9% | 7.7% | 7.8% | 5.1% |
| PAT margin % | 8% | 9.2% | 8.6% | 11.3% | 3.7% | 6.8% | 8.2% | 5% |
| Working capital | ||||||||
| Receivable days | 20 | 23 | 22 | 29 | 26 | 27 | 24 | 22 |
| Inventory days | 14 | 19 | 21 | 16 | 15 | 18 | 19 | 15 |
| Payable days | 25 | 26 | 36 | 28 | 21 | 23 | 26 | 20 |
| NWC days | 10 | 16 | 8 | 17 | 21 | 22 | 18 | 17 |
| Leverage | ||||||||
| Current ratio | 1.1 | 0.97 | 0.89 | 1.1 | 0.92 | 0.92 | 0.95 | 0.83 |
| Debt to EBITDA | 0.09 | 0.65 | 0.93 | 0.46 | 2.14 | 1.23 | 0.95 | 1.69 |
| Debt to equity | 0.02 | 0.12 | 0.13 | 0.11 | 0.26 | 0.26 | 0.19 | 0.24 |
| Interest coverage | 68.9 | 73.3 | 42 | 78.9 | 22.1 | 17.6 | 17.6 | 10.5 |
| Asset turnover | 1.17 | 1.05 | 0.78 | 1.06 | 1.5 | 1.19 | 1.18 | 1.13 |
| Return ratios | ||||||||
| Return on assets % | 9.4% | 9.7% | 6.7% | 12% | 5.5% | 8.1% | 9.8% | 5.7% |
| Return on capital employed % | 17.3% | 14.2% | 11% | 20.4% | 9.3% | 14.8% | 14.2% | 10.1% |
| Return on equity % | 13.7% | 15.1% | 10.5% | 18.6% | 9.5% | 13.8% | 16% | 9.4% |
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.