Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 55.4% | 56.2% | 54.2% | — | — | 53.7% |
| EBITDA margin % | 20.3% | 13.7% | 17.4% | 19.6% | 22.2% | 21.4% | 21.6% | 21% |
| EBIT margin % | 17% | 8.9% | 12.6% | 16.2% | 19.7% | 17.9% | 18% | 17.8% |
| PAT margin % | 17.7% | 13.4% | 15.4% | 15.9% | 17% | 16.7% | 14.7% | 16.4% |
| Working capital | ||||||||
| Receivable days | 58 | 56 | 65 | 52 | 51 | 61 | 56 | 60 |
| Inventory days | 72 | 80 | 108 | 126 | 95 | 49 | 71 | 95 |
| Payable days | 64 | 57 | 105 | 89 | 33 | 16 | 29 | 0 |
| NWC days | 65 | 79 | 69 | 88 | 113 | 94 | 97 | 154 |
| Leverage | ||||||||
| Current ratio | 3.25 | 3.12 | 3.14 | 3.55 | 9.17 | 11.48 | 8.8 | 311.43 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | — | — | 0.02 |
| Debt to equity | — | — | 0 | 0 | 0 | — | — | 0 |
| Interest coverage | 41.4 | 29.8 | 105.6 | 147.7 | 127.3 | 143 | 160.5 | 207.2 |
| Asset turnover | 0.57 | 0.45 | 0.48 | 0.63 | 0.73 | 0.67 | 0.67 | 0.64 |
| Return ratios | ||||||||
| Return on assets % | 10.1% | 6% | 7.4% | 10.1% | 12.5% | 11.3% | 9.8% | 10.4% |
| Return on capital employed % | 14.8% | 8.3% | 10.8% | 14.1% | 18.7% | 16.5% | 15.5% | 14.8% |
| Return on equity % | 11.4% | 6.7% | 8.4% | 11.4% | 14% | 12.5% | 11.1% | 11.7% |
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.