Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 10.4% | 14% | 20.5% | 14.1% | 9.9% | 11.9% | 13.1% | 14.7% |
| EBITDA margin % | 8.6% | 11.3% | 18.1% | 12.2% | 8.1% | 9.9% | 10.8% | 12.3% |
| EBIT margin % | 7.5% | 9.1% | 15% | 10.4% | 6.8% | 8.4% | 9.3% | 10.3% |
| PAT margin % | 5.6% | 7.6% | 11.3% | 7.8% | 5.4% | 6.7% | 7.7% | 8.8% |
| Working capital | ||||||||
| Receivable days | — | — | 26 | 23 | 23 | 25 | 23 | 9 |
| Inventory days | — | — | 6 | 6 | 8 | 12 | 10 | 9 |
| Payable days | — | — | 18 | 15 | 11 | 23 | 21 | 7 |
| NWC days | — | — | 14 | 13 | 20 | 14 | 12 | 10 |
| Leverage | ||||||||
| Current ratio | — | — | 3.93 | 3.18 | 4.08 | 3.1 | 3.74 | 5.67 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 33.7 | 8.9 | 12.8 | 15.1 | 14.1 | 17.4 | 21.4 | 22.7 |
| Asset turnover | — | — | 1.37 | 2.04 | 2.67 | 2.1 | 1.9 | 1.62 |
| Return ratios | ||||||||
| Return on assets % | — | — | 15.6% | 15.9% | 14.4% | 14.1% | 14.7% | 14.3% |
| Return on capital employed % | — | — | 25.5% | 27.2% | 24.6% | 25% | 25.3% | 22.8% |
| Return on equity % | — | — | 25.3% | 25% | 21.7% | 20.8% | 20.3% | 17.7% |
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.