Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 39.1% | 40.5% | 42% | 34.6% | 32.6% | 39.7% | 35.7% | 36.8% |
| EBITDA margin % | 14.2% | 14.5% | 18.2% | 10.6% | 10.4% | 16.9% | 14.3% | 15.5% |
| EBIT margin % | 9.1% | 8.4% | 11% | 4.3% | 4.8% | 11.1% | 8.3% | 9.8% |
| PAT margin % | 6.9% | 8.7% | 7.9% | 3.4% | 3.6% | 8.3% | 6.6% | 7.7% |
| Working capital | ||||||||
| Receivable days | — | — | 51 | 44 | 39 | 42 | 44 | 41 |
| Inventory days | — | — | 114 | 119 | 97 | 107 | 114 | 101 |
| Payable days | — | — | 168 | 81 | 66 | 72 | 82 | 87 |
| NWC days | — | — | -3 | 82 | 70 | 77 | 75 | 55 |
| Leverage | ||||||||
| Current ratio | — | — | 1.41 | 1.45 | 1.22 | 1.35 | 1.48 | 1.62 |
| Debt to EBITDA | — | — | 0.29 | 1 | 0.85 | 0.39 | 0.4 | 0.18 |
| Debt to equity | — | — | 0.06 | 0.15 | 0.14 | 0.1 | 0.09 | 0.04 |
| Interest coverage | 7.5 | 6.1 | 7.4 | 4.6 | 4.5 | 9.7 | 9.3 | 11.8 |
| Asset turnover | — | — | 0.72 | 0.84 | 0.94 | 0.93 | 0.95 | 0.98 |
| Return ratios | ||||||||
| Return on assets % | — | — | 5.6% | 2.9% | 3.4% | 7.7% | 6.3% | 7.5% |
| Return on capital employed % | — | — | 13% | 7.3% | 8.2% | 17.2% | 13.8% | 16.4% |
| Return on equity % | — | — | 9.5% | 4.7% | 5.6% | 12.4% | 10% | 11.5% |
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.