Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 29.8% | 28.4% | 30.9% | 27.3% | 29.4% | 25.7% | 24.7% | 27.5% |
| EBITDA margin % | 20.6% | 19.4% | 20.6% | 15.7% | 17.5% | 14.9% | 12.1% | 14.8% |
| EBIT margin % | 19.1% | 17.8% | 18.8% | 14% | 16.1% | 13.4% | 10.6% | 13.3% |
| PAT margin % | 12.2% | 12.4% | 14% | 10.9% | 13.1% | 11.1% | 8.5% | 10.6% |
| Working capital | ||||||||
| Receivable days | — | — | — | 25 | 19 | 21 | 31 | 28 |
| Inventory days | — | — | — | 336 | 404 | 406 | 336 | 307 |
| Payable days | — | — | — | 22 | 12 | 10 | 13 | 11 |
| NWC days | — | — | — | 339 | 412 | 417 | 354 | 323 |
| Leverage | ||||||||
| Current ratio | — | — | — | 7.39 | 6.35 | 5.4 | 6.26 | 8.06 |
| Debt to EBITDA | — | — | — | 0.13 | 0.27 | 0.68 | 0.6 | 0.19 |
| Debt to equity | — | — | — | 0.02 | 0.05 | 0.11 | 0.08 | 0.03 |
| Interest coverage | 11.9 | 13.2 | 32.8 | 47.1 | 64.9 | 34 | 45 | 106.3 |
| Asset turnover | — | — | — | 0.89 | 0.96 | 0.91 | 0.9 | 0.93 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 9.7% | 12.6% | 10.1% | 7.7% | 9.8% |
| Return on capital employed % | — | — | — | 14.8% | 21% | 16.6% | 12.6% | 15.6% |
| Return on equity % | — | — | — | 11.3% | 15% | 12.3% | 9.1% | 11.2% |
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.