Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 16.8% | 16.7% | 15.9% | 16.1% | 15.8% |
| EBITDA margin % | 8.2% | 6.5% | 8.4% | 9.1% | 8.8% | 7.6% | 7.8% | 7.6% |
| EBIT margin % | 8.2% | 6.5% | 8.4% | 8.9% | 8.7% | 7.5% | 7.7% | 7.4% |
| PAT margin % | 7.9% | 9.4% | 9.7% | 9.1% | 10.4% | 10% | 10.6% | 11.5% |
| Working capital | ||||||||
| Receivable days | 52 | 54 | — | — | 46 | 48 | 50 | 46 |
| Inventory days | 43 | 46 | 38 | 48 | 50 | 46 | 46 | 50 |
| Payable days | 33 | 26 | — | — | 35 | 36 | 29 | 14 |
| NWC days | 61 | 74 | — | — | 60 | 58 | 67 | 83 |
| Leverage | ||||||||
| Current ratio | 5.73 | 6.15 | 4.67 | 3.87 | 3.94 | 3.77 | 4.7 | 9.1 |
| Debt to EBITDA | 0.32 | 0.4 | 0.12 | 0.09 | 0 | 0 | 0 | 0 |
| Debt to equity | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | — | — | 892.4 | 9,179 | 4,459 | — | — |
| Asset turnover | 0.45 | 0.49 | 0.32 | 0.46 | 0.47 | 0.31 | 0.31 | 0.33 |
| Return ratios | ||||||||
| Return on assets % | 3.6% | 4.7% | 3.1% | 4.2% | 4.9% | 3.1% | 3.3% | 3.8% |
| Return on capital employed % | 6.3% | 5.8% | 5.2% | 5.1% | 6.8% | 4.9% | 4.6% | 4.6% |
| Return on equity % | 4% | 5.2% | 3.5% | 4.6% | 5.4% | 3.5% | 3.7% | 4.2% |
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.