Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 37.5% | 34.5% | 33.7% | 33.7% | 34.5% | 38.8% |
| EBITDA margin % | 15.6% | 13.7% | 16.2% | 14.2% | 14.7% | 13.1% | 13.7% | 16.1% |
| EBIT margin % | 11.9% | 9% | 11.6% | 10.3% | 11.6% | 9.6% | 10% | 11.4% |
| PAT margin % | 7.1% | 5.8% | 7.9% | 7% | 8.2% | 6.6% | 7% | 7.9% |
| Working capital | ||||||||
| Receivable days | — | — | 180 | 136 | 129 | 138 | 151 | 151 |
| Inventory days | — | — | 100 | 82 | 65 | 72 | 70 | 100 |
| Payable days | — | — | 149 | 88 | 78 | 66 | 66 | 110 |
| NWC days | — | — | 130 | 130 | 116 | 144 | 155 | 141 |
| Leverage | ||||||||
| Current ratio | — | — | 1.77 | 1.79 | 1.93 | 2.16 | 2.5 | 2.38 |
| Debt to EBITDA | — | — | 1.19 | 1.14 | 0.8 | 0.96 | 1.16 | 0.77 |
| Debt to equity | — | — | 0.33 | 0.35 | 0.26 | 0.24 | 0.27 | 0.18 |
| Interest coverage | 13.6 | 6 | 12.3 | 11.7 | 16.9 | 12.7 | 13.2 | 12.9 |
| Asset turnover | — | — | 0.93 | 1.22 | 1.35 | 1.24 | 1.13 | 0.97 |
| Return ratios | ||||||||
| Return on assets % | — | — | 7.4% | 8.5% | 11.1% | 8.2% | 7.8% | 7.7% |
| Return on capital employed % | — | — | 17.6% | 21.3% | 26.8% | 18.6% | 17% | 16.3% |
| Return on equity % | — | — | 13.6% | 14.9% | 18.2% | 12.5% | 11.9% | 11.6% |
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.