Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 48% | 43.8% | 43.2% | 47.7% | 48.4% |
| EBITDA margin % | 18.9% | 17.6% | 15.7% | 16.7% | 14.7% | 15.8% | 17.8% | 16.7% |
| EBIT margin % | 15.9% | 15% | 12.6% | 13.6% | 12.1% | 13.8% | 15.9% | 14.7% |
| PAT margin % | 12% | 10.6% | 12.3% | 11.5% | 10.2% | 11.5% | 13.7% | 13.9% |
| Working capital | ||||||||
| Receivable days | — | — | — | 77 | 62 | 68 | 64 | 63 |
| Inventory days | — | — | — | 107 | 120 | 82 | 89 | 96 |
| Payable days | — | — | — | 110 | 91 | 76 | 87 | 89 |
| NWC days | — | — | — | 74 | 92 | 74 | 66 | 71 |
| Leverage | ||||||||
| Current ratio | — | — | — | 2.69 | 2.89 | 2.91 | 3.18 | 3.17 |
| Debt to EBITDA | — | — | — | 0.19 | 0.17 | 0.12 | 0.12 | 0.04 |
| Debt to equity | — | — | — | 0.04 | 0.03 | 0.03 | 0.03 | 0.01 |
| Interest coverage | 49.3 | 127.8 | 34.4 | 45.2 | 42.6 | 85.2 | 51.7 | 81.3 |
| Asset turnover | — | — | — | 0.8 | 0.93 | 1.03 | 0.94 | 0.88 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 9.3% | 9.5% | 11.8% | 12.9% | 12.3% |
| Return on capital employed % | — | — | — | 17.2% | 17.8% | 22.5% | 24.9% | 23% |
| Return on equity % | — | — | — | 13.5% | 13.4% | 16.5% | 17.9% | 16.8% |
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.