Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 51.4% | 53.7% | 52.7% | 52.1% | 53.3% | 53.6% |
| EBITDA margin % | 17.1% | 15.8% | 19.7% | 20.2% | 17.5% | 17.2% | 16.3% | 14.6% |
| EBIT margin % | 15.7% | 14.3% | 18.3% | 18.5% | 15.7% | 15.4% | 14.2% | 12.4% |
| PAT margin % | 13.2% | 13.2% | 14.6% | 14.7% | 14.3% | 16.1% | 13.2% | 13.1% |
| Working capital | ||||||||
| Receivable days | — | — | 99 | 89 | 97 | 101 | 97 | 87 |
| Inventory days | — | — | 85 | 121 | 106 | 101 | 99 | 94 |
| Payable days | — | — | 103 | 119 | 77 | 95 | 106 | 99 |
| NWC days | — | — | 81 | 91 | 126 | 108 | 89 | 82 |
| Leverage | ||||||||
| Current ratio | — | — | 4.09 | 3.91 | 5.09 | 4.85 | 4.71 | 5.26 |
| Debt to EBITDA | — | — | 0.01 | 0.02 | 0.02 | 0.01 | 0 | 0.05 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0.01 |
| Interest coverage | 16.1 | 33.3 | 57.3 | 67.2 | 50.5 | 84.7 | 59.1 | 115.5 |
| Asset turnover | — | — | 0.91 | 0.88 | 0.87 | 0.83 | 0.78 | 0.75 |
| Return ratios | ||||||||
| Return on assets % | — | — | 13.4% | 13% | 12.4% | 13.3% | 10.3% | 9.9% |
| Return on capital employed % | — | — | 21.9% | 23.7% | 21.4% | 22% | 17.1% | 15.9% |
| Return on equity % | — | — | 16.5% | 16% | 14.5% | 15.7% | 12.3% | 11.6% |
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.