Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 46.5% | 47.1% | 46.5% | 43.2% | 45.1% | 47.3% | 46.9% | 45.4% |
| EBITDA margin % | 26.7% | 27.1% | 29.1% | 21.3% | 24% | 25.5% | 24.5% | 24.5% |
| EBIT margin % | 24% | 24.4% | 26.9% | 19.1% | 22% | 23% | 21.1% | 20.1% |
| PAT margin % | 27.9% | 28.5% | 30.9% | 22.8% | 26.7% | 27.6% | 23.7% | 21.7% |
| Working capital | ||||||||
| Receivable days | 31 | — | 27 | 29 | 29 | 21 | 16 | 17 |
| Inventory days | 489 | — | 494 | 526 | 468 | 476 | 624 | 613 |
| Payable days | 2 | — | 247 | 159 | 146 | 159 | 291 | 244 |
| NWC days | 518 | — | 275 | 396 | 351 | 338 | 348 | 387 |
| Leverage | ||||||||
| Current ratio | 2.37 | — | 2.07 | 2.52 | 2.5 | 1.95 | 1.84 | 2.13 |
| Debt to EBITDA | 0.01 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 1,748.2 | 1,190 | 804.1 | 1,819.2 | 1,541.3 | 1,293.5 | 31.7 | 91.7 |
| Asset turnover | 0.5 | — | 0.5 | 0.49 | 0.5 | 0.53 | 0.43 | 0.48 |
| Return ratios | ||||||||
| Return on assets % | 14% | — | 15.6% | 11.2% | 13.3% | 14.6% | 10.2% | 10.5% |
| Return on capital employed % | 21.9% | — | 24.2% | 16.6% | 20.2% | 23.1% | 20.4% | 17.7% |
| Return on equity % | 21.2% | — | 24.2% | 16.1% | 19.4% | 23.8% | 18% | 16.2% |
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.