Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 62.2% | 63.2% | 58.8% | 56.1% | 58.9% | 61.5% | 57.3% | 60.5% |
| EBITDA margin % | 37.8% | 38.3% | 32% | 31.7% | 34.1% | 34.9% | 32.4% | 30.9% |
| EBIT margin % | 34.9% | 34.9% | 28.8% | 28.9% | 31.7% | 32.6% | 30.4% | 29.1% |
| PAT margin % | 27.2% | 32.3% | 26.9% | 25.2% | 26.7% | 29.1% | 47.4% | 24.9% |
| Working capital | ||||||||
| Receivable days | 29 | 16 | 16 | 12 | 12 | 17 | 19 | 13 |
| Inventory days | 160 | 170 | 173 | 139 | 134 | 171 | 173 | 203 |
| Payable days | — | — | 75 | 59 | 55 | 61 | 52 | 60 |
| NWC days | — | — | 114 | 92 | 91 | 127 | 141 | 156 |
| Leverage | ||||||||
| Current ratio | — | — | 3.13 | 2.7 | 2.84 | 2.91 | 3.03 | 3.04 |
| Debt to EBITDA | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.08 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 |
| Interest coverage | 540.5 | 347.4 | 362.6 | 473.7 | 591.2 | 576.6 | 716.3 | 386.4 |
| Asset turnover | 0.66 | 0.62 | 0.68 | 0.8 | 0.85 | 0.8 | 0.88 | 0.92 |
| Return ratios | ||||||||
| Return on assets % | 17.9% | 20.1% | 18.2% | 20.1% | 22.8% | 23.4% | 41.9% | 22.8% |
| Return on capital employed % | — | — | 28% | 31.8% | 37% | 36.4% | 35.7% | 37.4% |
| Return on equity % | 21.1% | 23.2% | 22.1% | 24.5% | 27.7% | 28.3% | 51.8% | 29% |
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.