Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 82.9% | 86.6% | 74.4% | 71.9% | ||||
| 68.6% |
| 65.1% |
| 67.3% |
| 71.9% |
| EBITDA margin % | 39.6% | 31.1% | 34.5% | 27.6% | 21.6% | 16.6% | 17.8% | 24.8% |
| EBIT margin % | 35.2% | 25.6% | 29.9% | 23.3% | 17.8% | 13.2% | 14.8% | 21.3% |
| PAT margin % | 25.6% | 18.4% | 19.1% | 18% | 12.7% | 9.5% | 11.1% | 17.8% |
| Working capital | ||||||||
| Receivable days | — | 96 | 80 | 95 | 118 | 110 | 103 | 115 |
| Inventory days | — | 970 | 390 | 418 | 362 | 251 | 228 | 267 |
| Payable days | — | 218 | 96 | 65 | 131 | 110 | 127 | 92 |
| NWC days | — | 848 | 374 | 448 | 349 | 250 | 204 | 291 |
| Leverage | ||||||||
| Current ratio | — | 2.12 | 4.03 | 2.22 | 1.58 | 2.09 | 1.92 | 2.06 |
| Debt to EBITDA | — | 0.74 | 0.22 | 2.01 | 2.99 | 2.82 | 2.05 | 1.03 |
| Debt to equity | — | 0.19 | 0.07 | 0.45 | 0.56 | 0.43 | 0.31 | 0.19 |
| Interest coverage | 17.9 | 9.2 | 16.2 | 22.6 | 7.8 | 8.2 | 8.8 | 9.7 |
| Asset turnover | — | 0.61 | 0.74 | 0.52 | 0.47 | 0.52 | 0.52 | 0.52 |
| Return ratios | ||||||||
| Return on assets % | — | 11.3% | 14.1% | 9.3% | 5.9% | 4.9% | 5.8% | 9.3% |
| Return on capital employed % | — | 21.1% | 27.5% | 18.7% | 13.3% | 9.7% | 10.5% | 15.3% |
| Return on equity % | — | 15.4% | 16.8% | 14.7% | 11.1% | 8.7% | 9.4% | 13.5% |
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.