Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 30% | 29.7% | 27.7% | 25.2% | 26.6% | 28.6% | 28.6% | 27.7% |
| EBITDA margin % | 12.8% | 9.7% | 7.6% | 6.5% | 9.4% | 11.6% | 11.7% | 11.7% |
| EBIT margin % | 9.3% | 5% | 3.3% | 3.3% | 7% | 9.5% | 9.6% | 8% |
| PAT margin % | 8.7% | 7.5% | 6% | 4.3% | 6.9% | 9.4% | 9.2% | 7.9% |
| Working capital | ||||||||
| Receivable days | 10 | 10 | 7 | 8 | 10 | 12 | 16 | 11 |
| Inventory days | 20 | 22 | 22 | 20 | 18 | 15 | 17 | 31 |
| Payable days | 58 | 51 | 73 | 54 | 50 | 53 | 59 | 61 |
| NWC days | -28 | -20 | -44 | -26 | -21 | -26 | -26 | -19 |
| Leverage | ||||||||
| Current ratio | 0.87 | 0.75 | 1.12 | 0.99 | 0.58 | 0.77 | 0.87 | 1.07 |
| Debt to EBITDA | 0.01 | 0.01 | 0.09 | 0.07 | 0.11 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0.01 | 0.01 | 0.02 | 0 | 0 | 0 |
| Interest coverage | 139.1 | 54.2 | 52.2 | 37.4 | 55.4 | 89.2 | 100.3 | 80 |
| Asset turnover | 1.37 | 1.21 | 1 | 1.2 | 1.41 | 1.28 | 1.21 | 1.25 |
| Return ratios | ||||||||
| Return on assets % | 11.9% | 9% | 6% | 5.1% | 9.7% | 12% | 11.1% | 9.8% |
| Return on capital employed % | 22.7% | 14.4% | 10% | 8.5% | 17.3% | 22.9% | 20.8% | 18.3% |
| Return on equity % | 16.3% | 11.7% | 8.2% | 7% | 13.3% | 15.7% | 14.8% | 13.7% |
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.