Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 35.4% | 34.9% | 35.3% | 30.6% | 32.2% | 33.1% | 34.7% | 34.9% |
| EBITDA margin % | 11% | 8.3% | 10.5% | 8.2% | 10.4% | 11.6% | 12.8% | 13.1% |
| EBIT margin % | 8.7% | 6% | 8.2% | 5.8% | 8.3% | 9.6% | 10.5% | 10.5% |
| PAT margin % | 7% | 5.9% | 6.3% | 6.3% | 6.6% | 7.5% | 8.5% | 8.2% |
| Working capital | ||||||||
| Receivable days | — | — | 48 | 44 | 41 | 43 | 46 | 51 |
| Inventory days | — | — | 56 | 48 | 61 | 59 | 54 | 60 |
| Payable days | — | — | 106 | 81 | 83 | 82 | 71 | 76 |
| NWC days | — | — | -2 | 11 | 20 | 20 | 29 | 34 |
| Leverage | ||||||||
| Current ratio | — | — | 1.73 | 1.81 | 1.42 | 1.45 | 1.68 | 1.67 |
| Debt to EBITDA | — | — | 0.28 | 0.36 | 0.19 | 0.38 | 0.27 | 0.14 |
| Debt to equity | — | — | 0.04 | 0.05 | 0.03 | 0.08 | 0.06 | 0.03 |
| Interest coverage | 80.1 | 55.6 | 38.7 | 34.7 | 68.9 | 63.6 | 47.2 | 57.5 |
| Asset turnover | — | — | 0.95 | 1.1 | 1.23 | 1.24 | 1.19 | 1.17 |
| Return ratios | ||||||||
| Return on assets % | — | — | 6% | 6.9% | 8.1% | 9.2% | 10% | 9.5% |
| Return on capital employed % | — | — | 11.9% | 10% | 15.8% | 19.1% | 19.1% | 18.8% |
| Return on equity % | — | — | 8.6% | 9.7% | 11.6% | 13.8% | 14.5% | 13.7% |
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.