Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 74.6% | 75% | 74.3% | 73.8% | 75.1% | 76.7% | 74.4% | 74.4% |
| EBITDA margin % | 18.5% | 16.3% | 16.2% | 18.5% | 17% | 21% | 20.1% | 21.5% |
| EBIT margin % | 14.1% | 9.7% | 8.1% | 13.1% | 12.8% | 17.1% | 15.1% | 16.6% |
| PAT margin % | 9% | 5.1% | 2.3% | 9.5% | 22.7% | 62.8% | 13.3% | 15.5% |
| Working capital | ||||||||
| Receivable days | — | — | 79 | 76 | 72 | 54 | 67 | 76 |
| Inventory days | — | — | 257 | 178 | 188 | 204 | 218 | 222 |
| Payable days | — | — | 143 | 132 | 129 | 104 | 99 | 120 |
| NWC days | — | — | 192 | 122 | 130 | 154 | 186 | 178 |
| Leverage | ||||||||
| Current ratio | — | — | 1.13 | 1.17 | 1.09 | 2.02 | 1.39 | 1.51 |
| Debt to EBITDA | — | — | 3.26 | 1.7 | 1.54 | 0.92 | 1.29 | 1.03 |
| Debt to equity | — | — | 0.45 | 0.32 | 0.32 | 0.17 | 0.29 | 0.29 |
| Interest coverage | 4.6 | 2.6 | 1.6 | 4.5 | 11.5 | 29.7 | 6.4 | 7.8 |
| Asset turnover | — | — | 0.49 | 0.62 | 0.74 | 0.62 | 0.68 | 0.79 |
| Return ratios | ||||||||
| Return on assets % | — | — | 1.1% | 5.9% | 16.7% | 38.9% | 9.1% | 12.3% |
| Return on capital employed % | — | — | 6.4% | 13.9% | 34.7% | 71.2% | 16.1% | 24.7% |
| Return on equity % | — | — | 2% | 9.5% | 27.3% | 55.4% | 14.9% | 20% |
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.