Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 45.3% | 45.1% | 43.7% | 46.2% | 47.3% | 50.4% |
| EBITDA margin % | 12.4% | 10.6% | 13.7% | 13.6% | 13.4% | 15.3% | 17.9% | 20.5% |
| EBIT margin % | 9.3% | 6.7% | 9.2% | 10.2% | 10.7% | 12.6% | 16.1% | 18.7% |
| PAT margin % | 7.8% | 6.5% | 7.8% | 8.3% | 8.8% | 10.1% | 13% | 14.7% |
| Working capital | ||||||||
| Receivable days | 94 | — | 137 | 107 | 97 | 103 | 107 | 108 |
| Inventory days | 56 | — | 93 | 132 | 93 | 104 | 85 | 88 |
| Payable days | — | — | 118 | 111 | 82 | 104 | 89 | 106 |
| NWC days | — | — | 111 | 128 | 107 | 103 | 103 | 90 |
| Leverage | ||||||||
| Current ratio | 2.01 | — | 2.34 | 1.99 | 2.34 | 2.14 | 2.24 | 2.69 |
| Debt to EBITDA | 0.32 | — | 0.35 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0.06 | — | 0.07 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 535.9 | 60.4 | 50.6 | 55.1 | 1,792 | 3,105.2 | 7,113.5 | 1,782 |
| Asset turnover | 0.95 | — | 0.89 | 1 | 1.1 | 0.95 | 1.01 | 1.01 |
| Return ratios | ||||||||
| Return on assets % | 7.4% | — | 6.9% | 8.3% | 9.6% | 9.6% | 13.1% | 14.9% |
| Return on capital employed % | 17.3% | — | 13.5% | 17.8% | 19.3% | 21.1% | 27.4% | 29.7% |
| Return on equity % | 11.2% | — | 10.8% | 12.9% | 13.7% | 14.4% | 19.3% | 20.7% |
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.