Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 36% | 37.7% | 35.1% | 36.2% | 35.7% | 34.5% |
| EBITDA margin % | 8.3% | 8.6% | 13.9% | 13.1% | 12.3% | 12.3% | 11.2% | 6.9% |
| EBIT margin % | 6.6% | 7% | 12.1% | 11.3% | 10.8% | 10.7% | 9.7% | 4.7% |
| PAT margin % | 6% | 7% | 10.4% | 10.2% | 9.8% | 9.4% | 8.4% | 5.2% |
| Working capital | ||||||||
| Receivable days | — | — | 118 | 123 | 135 | 154 | 162 | 146 |
| Inventory days | — | — | 42 | 57 | 55 | 50 | 54 | 80 |
| Payable days | — | — | 205 | 189 | 155 | 171 | 164 | 176 |
| NWC days | — | — | -46 | -9 | 35 | 33 | 51 | 50 |
| Leverage | ||||||||
| Current ratio | — | — | 1.43 | 1.57 | 1.65 | 1.59 | 1.5 | 1.49 |
| Debt to EBITDA | — | — | 0.16 | 0.16 | 0.11 | 0.18 | 0.8 | 2.08 |
| Debt to equity | — | — | 0.05 | 0.04 | 0.03 | 0.04 | 0.18 | 0.28 |
| Interest coverage | 7.2 | 11.2 | 20.8 | 28.6 | 39.6 | 41.8 | 35.4 | 10.8 |
| Asset turnover | — | — | 0.94 | 0.91 | 0.96 | 0.94 | 0.88 | 0.82 |
| Return ratios | ||||||||
| Return on assets % | — | — | 9.8% | 9.3% | 9.4% | 8.8% | 7.4% | 4.2% |
| Return on capital employed % | — | — | 31% | 29.4% | 28.1% | 26.1% | 22.2% | 13.6% |
| Return on equity % | — | — | 23.3% | 20.1% | 19.7% | 19% | 16.9% | 10% |
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.