Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 52.3% | 54.5% | 54.9% | 54.5% | 56.1% | 53% | 53.9% | 55.4% |
| EBITDA margin % | 22.8% | 25.5% | 27.4% | 25.3% | 25.9% | 16.6% | 20.1% | 28.8% |
| EBIT margin % | 20.1% | 22.2% | 23.8% | 22.2% | 23.3% | 12.5% | 15.9% | 25.4% |
| PAT margin % | 15.6% | 39.1% | 26.4% | 19% | 19.2% | 16.6% | 14.3% | 21.2% |
| Working capital | ||||||||
| Receivable days | 64 | 75 | 89 | 92 | 88 | 82 | 96 | 95 |
| Inventory days | 74 | 107 | 110 | 131 | 167 | 117 | 79 | 71 |
| Payable days | 5 | 7 | 73 | 81 | 59 | 128 | 126 | 160 |
| NWC days | 133 | 175 | 126 | 142 | 196 | 72 | 49 | 6 |
| Leverage | ||||||||
| Current ratio | 3.33 | 4.72 | 6.12 | 5.39 | 4.9 | 3.68 | 2.95 | 3.93 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0.17 | 0.1 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0.02 | 0.01 | 0 |
| Interest coverage | 483 | 161.5 | 242.7 | 210 | 205 | 49.5 | 101.7 | 85.2 |
| Asset turnover | 0.75 | 0.65 | 0.61 | 0.66 | 0.68 | 0.52 | 0.57 | 0.52 |
| Return ratios | ||||||||
| Return on assets % | 11.7% | 25.4% | 16% | 12.5% | 13% | 8.6% | 8.2% | 11.1% |
| Return on capital employed % | 21.3% | 20.4% | 22.1% | 19.3% | 20.4% | 10.7% | 13.1% | 21% |
| Return on equity % | 14% | 28.8% | 18.1% | 14.3% | 14.6% | 10.2% | 9.7% | 13.3% |
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.