Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 46.6% | 48.7% | 59% | 48.2% | 33.1% | 36.5% | 32.8% | 30.6% |
| EBITDA margin % | 19.8% | 21.2% | 27.3% | 22.2% | 13.1% | 15.3% | 12% | 10.4% |
| EBIT margin % | 16.6% | 17.7% | 21.9% | 18.4% | 10.7% | 12.6% | 9.1% | 7.5% |
| PAT margin % | 12.4% | 15.9% | 18.5% | 15.5% | 9.3% | 11.3% | 8.9% | 7.6% |
| Working capital | ||||||||
| Receivable days | — | — | 17 | 22 | 21 | 24 | 16 | 19 |
| Inventory days | — | — | 7 | 4 | 2 | 2 | 2 | 2 |
| Payable days | — | — | 69 | 65 | 32 | 38 | 31 | 32 |
| NWC days | — | — | -44 | -39 | -9 | -12 | -14 | -11 |
| Leverage | ||||||||
| Current ratio | — | — | 1.32 | 1.21 | 1 | 1.07 | 1.08 | 1.17 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 586.4 | 175.3 | 118.4 | 134.7 | 183 | 253.1 | 211.3 | 131.4 |
| Asset turnover | — | — | 0.63 | 0.81 | 1.32 | 1.18 | 1.16 | 1.16 |
| Return ratios | ||||||||
| Return on assets % | — | — | 11.7% | 12.6% | 12.3% | 13.3% | 10.3% | 8.8% |
| Return on capital employed % | — | — | 21.5% | 26.2% | 26.1% | 27.9% | 20.6% | 17.7% |
| Return on equity % | — | — | 17.1% | 19% | 20.4% | 20.4% | 15.8% | 13.7% |
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.