Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 69.9% | 66.4% | 65.7% | 63.9% | 60.1% | 59.4% | 56.3% | 63.6% |
| EBITDA margin % | 20% | 21.7% | 19.8% | 20.7% | 19.3% | 17.1% | 18.6% | 8.5% |
| EBIT margin % | 12.1% | 13.2% | 14.5% | 16.6% | 15.3% | 14.1% | 15.9% | 5.7% |
| PAT margin % | 12.3% | 10% | 9% | 11.7% | 13.3% | 12.1% | 21.6% | 5.5% |
| Working capital | ||||||||
| Receivable days | — | — | 117 | 95 | 96 | 122 | 135 | 152 |
| Inventory days | — | — | 58 | 70 | 57 | 49 | 40 | 63 |
| Payable days | — | — | 94 | 91 | 92 | 60 | 77 | 135 |
| NWC days | — | — | 80 | 74 | 61 | 110 | 99 | 80 |
| Leverage | ||||||||
| Current ratio | — | — | 1.99 | 2.03 | 2.57 | 2.89 | 4.6 | 5.17 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 11.1 | 7.4 | 9.1 | 21.3 | 15.4 | 24.5 | 76.2 | 12.9 |
| Asset turnover | — | — | 0.93 | 0.98 | 1.01 | 0.97 | 0.72 | 0.45 |
| Return ratios | ||||||||
| Return on assets % | — | — | 8.4% | 11.5% | 13.5% | 11.7% | 15.6% | 2.5% |
| Return on capital employed % | — | — | 23.4% | 28.1% | 24.1% | 23.9% | 27.4% | 4.6% |
| Return on equity % | — | — | 13.1% | 17% | 18.2% | 15.3% | 18.4% | 2.9% |
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.