Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 55.4% | 60.7% | 57.6% | 55.5% | 54.8% | 58% | 58.5% | 61.1% |
| EBIT margin % | 39.3% | 42.9% | 39.4% | 38.1% | 42.1% | 46.3% | 46.6% | 50.3% |
| PAT margin % | 29.3% | 39.8% | 29.8% | 26% | 31.8% | 35.8% | 40.4% | 43.2% |
| Working capital | ||||||||
| Receivable days | — | — | 24 | 26 | 34 | 21 | 18 | 14 |
| Inventory days | — | — | 12 | 11 | 7 | 8 | 9 | 10 |
| Payable days | — | — | 40 | 49 | 58 | 53 | 41 | 46 |
| NWC days | — | — | -3 | -12 | -17 | -24 | -15 | -23 |
| Leverage | ||||||||
| Current ratio | — | — | 3.59 | 3.87 | 3.64 | 3.04 | 3.26 | 2.54 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 868.3 | 49.6 | 52.8 | 65.4 | 54.9 | 57.5 | 92.3 | 96 |
| Asset turnover | — | — | 0.3 | 0.29 | 0.35 | 0.37 | 0.37 | 0.42 |
| Return ratios | ||||||||
| Return on assets % | — | — | 8.9% | 7.7% | 11.1% | 13.1% | 14.9% | 18.2% |
| Return on capital employed % | — | — | 15% | 13.9% | 18.9% | 22.9% | 23.3% | 28.3% |
| Return on equity % | — | — | 10.7% | 9.5% | 14% | 16.9% | 18.8% | 23.2% |
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.