Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 82% | 79.9% | 81.2% | 81.5% | 81.3% | 80.9% | 81.2% | 82.7% |
| EBITDA margin % | 6.9% | 5.3% | 6.1% | 5.4% | 5% | 4.5% | 4.7% | 6.1% |
| EBIT margin % | 6.4% | 4.8% | 5.7% | 5% | 4.8% | 4.2% | 4.5% | 5.9% |
| PAT margin % | 4.9% | 4% | 6.5% | 5.3% | 4.3% | 6.3% | 5.2% | 5.3% |
| Working capital | ||||||||
| Receivable days | 0 | 0 | — | 1 | 0 | 0 | 0 | 0 |
| Inventory days | 21 | 22 | — | 35 | 31 | 23 | 25 | 24 |
| Payable days | 5 | 12 | — | 3 | 7 | 17 | 15 | 8 |
| NWC days | 16 | 10 | — | 33 | 23 | 6 | 11 | 17 |
| Leverage | ||||||||
| Current ratio | 0.82 | 1.25 | — | 1.64 | 1.27 | 1.3 | 1.14 | 1.35 |
| Debt to EBITDA | 0 | 0 | — | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | — | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 1,761.1 | 1,816.8 | 1,430.4 | 11,807 | 3,291.5 | 490.8 | 276.8 | 643 |
| Asset turnover | 4.02 | 3.48 | — | 2.66 | 3.02 | 2.63 | 2.28 | 2.43 |
| Return ratios | ||||||||
| Return on assets % | 19.5% | 14% | — | 14% | 13% | 16.5% | 11.8% | 12.8% |
| Return on capital employed % | 33.2% | 22.6% | — | 19.9% | 20.6% | 24.1% | 18.2% | 20.4% |
| Return on equity % | 22.5% | 15.8% | — | 15.8% | 14.6% | 18.4% | 13.7% | 14.5% |
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.