Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 28.2% | 33.2% | 34% | 25.8% | 26.6% | 28.4% | 27.7% | 22.5% |
| EBITDA margin % | 13.4% | 15.7% | 16% | 8.9% | 11.4% | 11.6% | 9.4% | 8% |
| EBIT margin % | 12% | 13.5% | 13.3% | 7.2% | 9.7% | 9.3% | 7.2% | 5.9% |
| PAT margin % | 8.4% | 10.2% | 9.7% | 5.1% | 6.8% | 7.3% | 5.8% | 4.2% |
| Working capital | ||||||||
| Receivable days | 56 | 56 | 68 | 66 | 53 | 60 | 60 | 59 |
| Inventory days | 53 | 62 | 82 | 77 | 53 | 61 | 74 | 69 |
| Payable days | 2 | 1 | 93 | 78 | 59 | 68 | 86 | 73 |
| NWC days | 107 | 116 | 57 | 64 | 47 | 54 | 47 | 54 |
| Leverage | ||||||||
| Current ratio | 1.54 | 1.6 | 1.62 | 1.52 | 1.77 | 1.96 | 1.49 | 1.58 |
| Debt to EBITDA | 0.44 | 0.5 | 0.56 | 1.07 | 0.51 | 0.38 | 0.49 | 0.57 |
| Debt to equity | 0.15 | 0.16 | 0.16 | 0.22 | 0.15 | 0.09 | 0.1 | 0.1 |
| Interest coverage | 13.4 | 14.6 | 29.6 | 24.4 | 24.3 | 22.7 | 14.5 | 8.7 |
| Asset turnover | 1.53 | 1.29 | 1.18 | 1.4 | 1.7 | 1.38 | 1.29 | 1.45 |
| Return ratios | ||||||||
| Return on assets % | 12.9% | 13.1% | 11.4% | 7.1% | 11.5% | 10.1% | 7.5% | 6.2% |
| Return on capital employed % | 32.5% | 25.3% | 23.2% | 16% | 23.2% | 19.6% | 16% | 15.2% |
| Return on equity % | 21.5% | 20.5% | 17.5% | 11.8% | 17.5% | 14.3% | 12.1% | 9.6% |
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.