Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 54.2% | 57.7% | 68% | 47.3% | 35.9% | 47.3% | 41.3% | 37.8% |
| EBITDA margin % | 29% | 32.3% | 40% | 23.8% | 17.1% | 26.9% | 19.9% | 16% |
| EBIT margin % | 24.8% | 27.3% | 32.5% | 18.7% | 13.8% | 22.9% | 15.9% | 11.5% |
| PAT margin % | 17.9% | 24.3% | 26.5% | 15.4% | 11.4% | 18.8% | 13.8% | 9.4% |
| Working capital | ||||||||
| Receivable days | 12 | 8 | 20 | 17 | 16 | 15 | 17 | 18 |
| Inventory days | 5 | 5 | 11 | 5 | 3 | 4 | 4 | 4 |
| Payable days | — | — | 76 | 49 | 27 | 34 | 34 | 31 |
| NWC days | — | — | -45 | -26 | -8 | -15 | -13 | -8 |
| Leverage | ||||||||
| Current ratio | 1.43 | 1.59 | 1.58 | 1.39 | 1.34 | 1.17 | 1.03 | 0.94 |
| Debt to EBITDA | — | — | 0.08 | 0.11 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0.02 | 0.03 | 0 | 0 | 0 | 0 |
| Interest coverage | 2,616.3 | 151.6 | 116.9 | 108.1 | 113.4 | 151.3 | 103.3 | 56.4 |
| Asset turnover | 0.89 | 0.79 | 0.51 | 0.74 | 1.15 | 0.95 | 0.93 | 1.01 |
| Return ratios | ||||||||
| Return on assets % | 15.9% | 19.2% | 13.5% | 11.4% | 13.1% | 17.8% | 12.7% | 9.4% |
| Return on capital employed % | 34.1% | 34.1% | 25.2% | 22% | 25.4% | 34.8% | 23.3% | 17.4% |
| Return on equity % | 22.8% | 26.9% | 19.2% | 16.6% | 19.1% | 25.1% | 17.7% | 13.2% |
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.