Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 63.8% | 67.2% | 73.5% | 70.8% | 66.2% | 71.3% | 74.4% | 74.8% |
| EBITDA margin % | 21% | 21.2% | 22.4% | 25.5% | 18.6% | 20.1% | 17.2% | 16.6% |
| EBIT margin % | 17.1% | 16.4% | 16.4% | 21.2% | 15.5% | 16.9% | 13.8% | 13.3% |
| PAT margin % | 11.3% | 14.8% | 12% | 17.7% | 14.4% | 14.9% | 13.3% | 14.4% |
| Working capital | ||||||||
| Receivable days | 91 | — | 109 | 88 | 83 | 86 | 80 | 80 |
| Inventory days | 85 | — | 62 | 72 | 57 | 37 | 52 | 34 |
| Payable days | 0 | — | 99 | 104 | 98 | 113 | 104 | 95 |
| NWC days | 175 | — | 72 | 55 | 42 | 11 | 28 | 20 |
| Leverage | ||||||||
| Current ratio | 1.34 | — | 2.18 | 2.26 | 1.51 | 2.09 | 3.32 | 3.38 |
| Debt to EBITDA | 0.72 | — | 0.99 | 0.73 | 0.92 | 0.25 | 0 | 0.12 |
| Debt to equity | 0.22 | — | 0.17 | 0.16 | 0.2 | 0.05 | 0 | 0.02 |
| Interest coverage | 18.2 | 15 | 7.9 | 12.6 | 10 | 21 | 33.5 | 34.7 |
| Asset turnover | 0.92 | — | 0.52 | 0.59 | 0.72 | 0.74 | 0.71 | 0.7 |
| Return ratios | ||||||||
| Return on assets % | 10.5% | — | 6.3% | 10.4% | 10.3% | 11% | 9.5% | 10% |
| Return on capital employed % | 22.3% | — | 11.9% | 17.6% | 18.2% | 20.4% | 16.4% | 16.4% |
| Return on equity % | 16.4% | — | 9.1% | 14.9% | 16.8% | 15.3% | 12.4% | 13.1% |
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.