Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 53.6% | 53% | 55.1% | 55.2% | 54.1% | 54.9% | 54.2% | 53.1% |
| EBITDA margin % | 16.5% | 16.2% | 19.8% | 20% | 20.2% | 19.4% | 18.2% | 18.7% |
| EBIT margin % | 13.8% | 12.7% | 16.7% | 17.5% | 17.9% | 16.8% | 14.9% | 15.3% |
| PAT margin % | 10.5% | 11.8% | 14.8% | 14.9% | 14.8% | 14.4% | 13.2% | 13.6% |
| Working capital | ||||||||
| Receivable days | 47 | 47 | 45 | — | 37 | 49 | 47 | 47 |
| Inventory days | 161 | 147 | 157 | — | 144 | 145 | 135 | 120 |
| Payable days | 91 | 114 | 156 | — | 89 | 110 | 122 | 131 |
| NWC days | 117 | 80 | 46 | — | 92 | 83 | 61 | 36 |
| Leverage | ||||||||
| Current ratio | 2.93 | 2.84 | 2.83 | — | 2.84 | 2.78 | 2.85 | 2.79 |
| Debt to EBITDA | — | — | 0.01 | — | 0.02 | 0.02 | 0.01 | 0.11 |
| Debt to equity | — | — | 0 | — | 0.01 | 0.01 | 0 | 0.02 |
| Interest coverage | 172 | 56.9 | 99.7 | 101.9 | 71.4 | 74.4 | 56.3 | 71.3 |
| Asset turnover | 1.1 | 0.99 | 0.89 | — | 1.02 | 0.97 | 0.91 | 0.89 |
| Return ratios | ||||||||
| Return on assets % | 11.5% | 11.7% | 13.1% | — | 15.1% | 13.9% | 12% | 12.1% |
| Return on capital employed % | 23.5% | 20.6% | 24.5% | — | 25.5% | 25.4% | 21.3% | 22.1% |
| Return on equity % | 15.1% | 15.5% | 17.8% | — | 19.6% | 18.6% | 16.1% | 16.4% |
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.