Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 78.1% | 77.5% | 74.9% | 76.2% | 78% | 80.1% | 80.6% | 80.8% |
| EBITDA margin % | 24.3% | 25.7% | 27.3% | 27.2% | 26% | 28.4% | 28.3% | 28.5% |
| EBIT margin % | 21.2% | 20.4% | 22.7% | 23.2% | 21.4% | 24.5% | 22.6% | 22.6% |
| PAT margin % | 16.8% | 17.5% | 18.8% | 18.4% | 16.5% | 19.5% | 21.2% | 19.2% |
| Working capital | ||||||||
| Receivable days | 17 | 14 | 16 | 13 | 13 | 14 | 16 | 19 |
| Inventory days | 40 | 70 | 38 | 33 | 22 | 26 | 26 | 29 |
| Payable days | 110 | 143 | 132 | 101 | 131 | 156 | 155 | 126 |
| NWC days | -54 | -59 | -79 | -55 | -96 | -116 | -113 | -79 |
| Leverage | ||||||||
| Current ratio | 5.92 | 4.08 | 4.32 | 1.55 | 1.87 | 2.17 | 3.29 | 3.44 |
| Debt to EBITDA | — | — | 0 | 0.68 | 0.51 | 0.15 | 0 | 0 |
| Debt to equity | — | — | 0 | 0.23 | 0.14 | 0.04 | 0 | 0 |
| Interest coverage | 418.6 | 21.6 | 26.3 | 17.1 | 12.4 | 20.3 | 29.9 | 32.4 |
| Asset turnover | 1.09 | 0.97 | 0.95 | 0.85 | 0.76 | 0.81 | 0.9 | 0.87 |
| Return ratios | ||||||||
| Return on assets % | 18.3% | 16.9% | 17.8% | 15.6% | 12.6% | 15.9% | 19% | 16.7% |
| Return on capital employed % | 34.1% | 31.1% | 32% | 31.7% | 23.3% | 28% | 30.4% | 29.4% |
| Return on equity % | 21% | 22% | 23% | 23.4% | 17.3% | 20.2% | 23.3% | 20.6% |
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.