Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Dec 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 54.1% | — | 56.1% | 56.7% | 55.3% |
| EBITDA margin % | 23% | 24.5% | 23.8% | 22% | 22% | 23.9% | 23.6% | 22.9% |
| EBIT margin % | 20.4% | 21.7% | 21.1% | 19.6% | 19.7% | 21.7% | 21% | 19.9% |
| PAT margin % | 16% | 15.8% | 14.2% | 14.2% | 14.4% | 16.1% | 16.4% | 15.3% |
| Working capital | ||||||||
| Receivable days | 5 | 4 | — | 4 | — | 4 | 7 | 5 |
| Inventory days | 53 | 56 | — | 91 | — | 71 | 119 | 91 |
| Payable days | 4 | 10 | — | 91 | — | 76 | 99 | 105 |
| NWC days | 53 | 51 | — | 4 | — | -1 | 26 | -9 |
| Leverage | ||||||||
| Current ratio | 1.68 | 1 | — | 1.13 | — | 0.88 | 0.8 | 0.96 |
| Debt to EBITDA | 0.01 | 0.01 | — | 0.01 | — | 0.01 | 0.16 | 0 |
| Debt to equity | 0.02 | 0.02 | — | 0.01 | — | 0.01 | 0.18 | 0 |
| Interest coverage | 21.7 | 17.5 | 18 | 22.1 | 23.2 | 37.3 | 31.6 | 29.4 |
| Asset turnover | 1.61 | 1.66 | — | 1.88 | — | 2.32 | 1.64 | 1.73 |
| Return ratios | ||||||||
| Return on assets % | 25.7% | 26.2% | — | 26.6% | — | 37.4% | 26.9% | 26.5% |
| Return on capital employed % | 47.9% | 57% | — | 57.8% | — | 82.7% | 60.4% | 57.3% |
| Return on equity % | 100.6% | 110.9% | — | 97.2% | — | 117.7% | 80.5% | 66.8% |
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.