Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 56.7% | 59.4% | 59.1% | 59.7% | ||||
| 61.1% |
| 62.2% |
| 63.3% |
| 65.1% |
| EBITDA margin % | 19.4% | 20.4% | 21.8% | 23.5% | 24.9% | 26.4% | 31.4% | 34.3% |
| EBIT margin % | 17.8% | 17.9% | 19.3% | 21.4% | 22.8% | 24.4% | 29.6% | 32.6% |
| PAT margin % | 13.6% | 3.4% | 11.2% | 52.5% | 18.9% | 17.2% | 24.7% | 26.7% |
| Working capital | ||||||||
| Receivable days | 14 | 11 | 25 | 23 | 22 | 24 | 29 | 26 |
| Inventory days | 131 | 135 | 146 | 144 | 128 | 146 | 124 | 119 |
| Payable days | 1 | 1 | 125 | 156 | 122 | 174 | 188 | 152 |
| NWC days | 144 | 145 | 46 | 11 | 27 | -4 | -36 | -7 |
| Leverage | ||||||||
| Current ratio | 1.37 | 1.75 | 1.51 | 2.19 | 2.03 | 1.97 | 1.88 | 2.12 |
| Debt to EBITDA | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 1,198.9 | 103.1 | 205.6 | 383.8 | 461.4 | 530.3 | 950.4 | 504.1 |
| Asset turnover | 0.8 | 1.03 | 1.03 | 0.7 | 0.97 | 0.96 | 0.91 | 0.89 |
| Return ratios | ||||||||
| Return on assets % | 10.9% | 3.5% | 11.5% | 36.6% | 18.3% | 16.5% | 22.4% | 23.7% |
| Return on capital employed % | 27.3% | 28.5% | 37.2% | 32.3% | 33.7% | 47.2% | 58.8% | 58.3% |
| Return on equity % | 19.9% | 6% | 23.9% | 63.1% | 34.7% | 32.8% | 47.1% | 45.1% |
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.