Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 30.7% | 31.7% | 29.3% | 28.8% | 29.4% | 32.1% | 33.6% | 32.6% |
| EBITDA margin % | 14.7% | 13.7% | 13.1% | 11.5% | 11.8% | 14% | 14.4% | 14.7% |
| EBIT margin % | 12.9% | 10.9% | 10.9% | 9.3% | 9.8% | 12.1% | 12.5% | 13% |
| PAT margin % | 10.1% | 12.6% | 9.6% | 8.5% | 8.6% | 10.6% | 11.3% | 11.3% |
| Working capital | ||||||||
| Receivable days | 31 | 20 | 29 | 29 | 30 | 26 | 33 | 20 |
| Inventory days | 17 | 20 | 25 | 20 | 22 | 21 | 20 | 21 |
| Payable days | — | 56 | 87 | 75 | 72 | 79 | 75 | 87 |
| NWC days | — | -16 | -34 | -26 | -20 | -32 | -22 | -45 |
| Leverage | ||||||||
| Current ratio | 1.96 | 2.08 | 1.79 | 1.99 | 1.61 | 1.5 | 1.87 | 1.98 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 583.6 | 177.9 | 179.6 | 127 | 196 | 293.9 | 308.6 | 312.6 |
| Asset turnover | 1.91 | 1.54 | 1.39 | 1.35 | 1.45 | 1.46 | 1.46 | 1.45 |
| Return ratios | ||||||||
| Return on assets % | 19.2% | 19.4% | 13.4% | 11.4% | 12.5% | 15.5% | 16.5% | 16.3% |
| Return on capital employed % | 38.7% | 27.7% | 25.4% | 20% | 22.7% | 29.7% | 30.7% | 32.2% |
| Return on equity % | 26.3% | 25.7% | 19.5% | 15.7% | 17.4% | 22.1% | 23.3% | 24.4% |
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.