Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 34.7% | 36.8% | 38.7% | 34.1% | 33.1% | 36.1% | 37.6% | 37.1% |
| EBITDA margin % | 11.4% | 9.5% | 12.1% | 12.5% | 10.7% | 13.6% | 13.8% | 14.7% |
| EBIT margin % | 9.2% | 5.8% | 8.8% | 10.4% | 9% | 11.9% | 11.7% | 12.7% |
| PAT margin % | 6.8% | 4.5% | 7.3% | 7.9% | 7.1% | 10.6% | 9.6% | 9.8% |
| Working capital | ||||||||
| Receivable days | — | — | — | 60 | 12 | 31 | 28 | 12 |
| Inventory days | — | — | — | 100 | 75 | 81 | 79 | 68 |
| Payable days | — | — | — | 64 | 33 | 15 | 18 | 47 |
| NWC days | — | — | — | 96 | 54 | 97 | 88 | 33 |
| Leverage | ||||||||
| Current ratio | — | — | — | 1.46 | 2.01 | 1.58 | 1.26 | 1.12 |
| Debt to EBITDA | — | — | — | 0.81 | 0.07 | 0.47 | 0.41 | 0 |
| Debt to equity | — | — | — | 0.24 | 0.02 | 0.16 | 0.12 | 0 |
| Interest coverage | 10.4 | 6.4 | 24.2 | 92.9 | -1,329.1 | -48 | -16 | 28.3 |
| Asset turnover | — | — | — | 1.43 | 2.16 | 1.72 | 1.41 | 1.49 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 11.3% | 15.3% | 18.3% | 13.5% | 14.6% |
| Return on capital employed % | — | — | — | 24.5% | 27.8% | 35.8% | 26% | 30.5% |
| Return on equity % | — | — | — | 19.1% | 20.4% | 26.7% | 20% | 20.3% |
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.