Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 41.3% | 43.4% | 48% | 53.4% | 47% | 39.9% | 45.7% | 41.8% |
| EBITDA margin % | 17.8% | 18.4% | 24% | 33.5% | 23.7% | 17.2% | 23.3% | 20% |
| EBIT margin % | 15% | 15.5% | 20.9% | 31.5% | 21.7% | 15% | 21.2% | 18.3% |
| PAT margin % | 12.2% | 11.9% | 15.1% | 22.8% | 20.1% | 14.9% | 26.2% | 47.3% |
| Working capital | ||||||||
| Receivable days | 51 | 65 | 56 | 44 | 50 | 55 | 44 | 34 |
| Inventory days | 154 | 194 | 132 | 129 | 217 | 180 | 256 | 147 |
| Payable days | 37 | 30 | 28 | 24 | 40 | 24 | 31 | 32 |
| NWC days | 168 | 229 | 159 | 149 | 227 | 211 | 270 | 149 |
| Leverage | ||||||||
| Current ratio | 2.15 | 2.36 | 3.84 | 4.1 | 5.21 | 8.11 | 4.99 | 6.64 |
| Debt to EBITDA | 0.95 | 1.14 | 0.71 | 0.34 | 0.35 | 0.04 | 0.06 | 0.1 |
| Debt to equity | 0.08 | 0.08 | 0.06 | 0.06 | 0.04 | 0 | 0.01 | 0.01 |
| Interest coverage | 11.5 | 10.7 | 18.7 | 49.4 | 32.1 | 47 | 202.7 | 309.4 |
| Asset turnover | 0.4 | 0.32 | 0.3 | 0.44 | 0.41 | 0.38 | 0.41 | 0.42 |
| Return ratios | ||||||||
| Return on assets % | 4.9% | 3.8% | 4.5% | 10.1% | 8.2% | 5.6% | 10.7% | 19.8% |
| Return on capital employed % | 9.1% | 7.1% | 8% | 18% | 11.3% | 8.1% | 14.2% | 16.6% |
| Return on equity % | 5.7% | 4.4% | 5.2% | 11.6% | 9.1% | 6% | 11.7% | 21.2% |
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.