Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 56.4% | 59.5% | 59.2% | 54.8% | 52.8% | 55.8% | 56% | 52.4% |
| EBITDA margin % | 12.7% | 11% | 15% | 14.2% | 14.4% | 17.2% | 18.1% | 14.8% |
| EBIT margin % | 8.3% | 5.6% | 10.2% | 10.5% | 11.3% | 14% | 14.9% | 11.6% |
| PAT margin % | 9.7% | 6.8% | 11.4% | 9.3% | 9.7% | 11.6% | 10.8% | 8.3% |
| Working capital | ||||||||
| Receivable days | — | — | 83 | 59 | 51 | 46 | 58 | 62 |
| Inventory days | — | — | 58 | 47 | 37 | 40 | 29 | 43 |
| Payable days | — | — | 191 | 147 | 107 | 124 | 129 | 106 |
| NWC days | — | — | -51 | -42 | -19 | -39 | -42 | -1 |
| Leverage | ||||||||
| Current ratio | — | — | 3.4 | 2.38 | 2.5 | 2.24 | 2.45 | 2.31 |
| Debt to EBITDA | — | — | 0.02 | 0.01 | 0.02 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 83.9 | 47.9 | 125 | 309.9 | 251.8 | 474.3 | 719.3 | 156.7 |
| Asset turnover | — | — | 0.2 | 0.23 | 0.28 | 0.28 | 0.27 | 0.3 |
| Return ratios | ||||||||
| Return on assets % | — | — | 2.3% | 2.2% | 2.7% | 3.2% | 2.9% | 2.5% |
| Return on capital employed % | — | — | 2.8% | 2.7% | 3.4% | 4.3% | 5.3% | 3.7% |
| Return on equity % | — | — | 2.6% | 2.3% | 3% | 3.5% | 3.2% | 2.7% |
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.