Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 63.5% | 63.4% | 61.4% | 64.4% | 64.6% | 65% | 63.2% | 62.6% |
| EBITDA margin % | 27.8% | 28.7% | 15.5% | 25.2% | 28.8% | 26.9% | 24.4% | 22.8% |
| EBIT margin % | 21.4% | 20.3% | -1.5% | 15.5% | 21.3% | 19.2% | 17.4% | 16.1% |
| PAT margin % | 17.3% | 16.6% | 1.5% | 12.9% | 16.1% | 15.7% | 18.4% | 14.2% |
| Working capital | ||||||||
| Receivable days | 84 | — | 102 | 76 | 43 | 47 | 60 | 45 |
| Inventory days | 212 | — | 276 | 257 | 199 | 204 | 201 | 203 |
| Payable days | 25 | — | 31 | 40 | 49 | 49 | 58 | 62 |
| NWC days | 271 | — | 347 | 293 | 193 | 201 | 203 | 186 |
| Leverage | ||||||||
| Current ratio | 5.31 | — | 3.48 | 2.14 | 2.77 | 2.86 | 3.1 | 2.6 |
| Debt to EBITDA | 0.16 | — | 1.02 | 1.07 | 0.59 | 0.34 | 0.22 | 0.09 |
| Debt to equity | 0.04 | — | 0.06 | 0.18 | 0.16 | 0.08 | 0.04 | 0.02 |
| Interest coverage | 21.7 | 22.3 | 2.8 | 12.1 | 12.8 | 14.9 | 28.6 | 30.7 |
| Asset turnover | 0.64 | — | 0.3 | 0.46 | 0.7 | 0.69 | 0.67 | 0.63 |
| Return ratios | ||||||||
| Return on assets % | 11.1% | — | 0.4% | 5.9% | 11.3% | 10.9% | 12.3% | 9% |
| Return on capital employed % | 18% | — | 1.9% | 11.2% | 18.7% | 17.6% | 20.4% | 14.8% |
| Return on equity % | 14.2% | — | 0.6% | 8.7% | 15.2% | 14.1% | 15% | 11% |
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.