Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 22.4% | 21.6% | 20.4% | 18.3% | 23.2% | 23.5% | 21.5% | 21.5% |
| EBITDA margin % | 11.9% | 10.4% | 12.3% | 11.5% | 14.6% | 15.1% | 12.5% | 11.6% |
| EBIT margin % | 10.7% | 9.2% | 11.4% | 10.9% | 13.9% | 14.4% | 12% | 9.7% |
| PAT margin % | 11.5% | 11.8% | 14.1% | 14.7% | 18.7% | 15.9% | 10.3% | 9.6% |
| Working capital | ||||||||
| Receivable days | — | — | 56 | 63 | 164 | 142 | 89 | 95 |
| Inventory days | — | — | 38 | 34 | 45 | 62 | 65 | 153 |
| Payable days | — | — | 129 | 50 | 108 | 71 | 60 | 76 |
| NWC days | — | — | -34 | 48 | 102 | 132 | 93 | 171 |
| Leverage | ||||||||
| Current ratio | — | — | 3.27 | 4.34 | 3.68 | 4.16 | 3.55 | 4.13 |
| Debt to EBITDA | — | — | 0.38 | 0 | 0 | 0 | 0.11 | 0.52 |
| Debt to equity | — | — | 0.04 | 0 | 0 | 0 | 0.03 | 0.06 |
| Interest coverage | 26.4 | 213.8 | 281.2 | 203.9 | 2,328 | 3,766 | 322.5 | 25.4 |
| Asset turnover | — | — | 0.67 | 1.33 | 0.87 | 1.05 | 1.35 | 0.73 |
| Return ratios | ||||||||
| Return on assets % | — | — | 9.5% | 19.6% | 16.3% | 16.7% | 13.9% | 7% |
| Return on capital employed % | — | — | 17.1% | 29.3% | 27.2% | 27.1% | 28.7% | 15.6% |
| Return on equity % | — | — | 12.4% | 23.9% | 20.9% | 21% | 19.1% | 9.3% |
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.