Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 45.6% | 46.4% | 46.7% | 40.9% | 42.3% | 49.1% | 50.2% | 47% |
| EBITDA margin % | 16.2% | 15% | 16.8% | 11.5% | 12.7% | 17.4% | 17.6% | 15.3% |
| EBIT margin % | 12.9% | 10.5% | 12.7% | 7.9% | 10.7% | 15.6% | 15.6% | 13.2% |
| PAT margin % | 10.9% | 9.5% | 10.1% | 7.2% | 9.7% | 13.4% | 13.1% | 11.3% |
| Working capital | ||||||||
| Receivable days | — | — | 17 | 23 | 19 | 26 | 35 | 32 |
| Inventory days | — | — | 101 | 84 | 76 | 73 | 84 | 80 |
| Payable days | — | — | 69 | 67 | 55 | 72 | 75 | 74 |
| NWC days | — | — | 48 | 40 | 41 | 28 | 45 | 38 |
| Leverage | ||||||||
| Current ratio | — | — | 1.59 | 1.7 | 1.89 | 2.35 | 2.76 | 2.68 |
| Debt to EBITDA | — | — | 0.16 | 0.1 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0.05 | 0.03 | 0 | 0 | 0 | 0 |
| Interest coverage | 9.2 | 7.8 | 22.1 | 28.4 | 23.3 | 102.3 | 84.2 | 91.4 |
| Asset turnover | — | — | 1.32 | 1.49 | 1.78 | 1.59 | 1.41 | 1.31 |
| Return ratios | ||||||||
| Return on assets % | — | — | 13.4% | 10.8% | 17.2% | 21.4% | 18.3% | 14.8% |
| Return on capital employed % | — | — | 25.3% | 18.4% | 30.2% | 43.2% | 36.1% | 28.4% |
| Return on equity % | — | — | 20.4% | 16.6% | 27.2% | 32.4% | 26.8% | 21% |
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.