Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 76.2% | 45.2% | 44.2% | 45.1% | 45.5% | 49.9% | 52.5% | 57.8% |
| EBITDA margin % | 20.2% | 21.1% | 23% | 21.9% | 24.2% | 28.4% | 31.2% | 31.3% |
| EBIT margin % | 16.9% | 17.1% | 19.3% | 18% | 20.7% | 24.9% | 27.8% | 26.4% |
| PAT margin % | 14.4% | 13.4% | 16.8% | 16.2% | 19.3% | 24.2% | 24.7% | 23.2% |
| Working capital | ||||||||
| Receivable days | 85 | 61 | 55 | 57 | 44 | 40 | 77 | 121 |
| Inventory days | 289 | 145 | 155 | 175 | 144 | 119 | 85 | 147 |
| Payable days | 277 | 112 | 120 | 116 | 89 | 109 | 112 | 119 |
| NWC days | 97 | 94 | 90 | 116 | 99 | 50 | 50 | 149 |
| Leverage | ||||||||
| Current ratio | 2.08 | 1.63 | 3.39 | 3.69 | 4.7 | 4.06 | 4.23 | 4.85 |
| Debt to EBITDA | 0.21 | 0.73 | 0.33 | 0.24 | 0 | 0 | 0 | 0 |
| Debt to equity | 0.05 | 0.2 | 0.06 | 0.04 | 0 | 0 | 0 | 0 |
| Interest coverage | 91.6 | 34 | 33.4 | 82.3 | 41 | 217.8 | 353.3 | 262 |
| Asset turnover | 0.9 | 0.81 | 0.61 | 0.67 | 0.75 | 0.7 | 0.64 | 0.48 |
| Return ratios | ||||||||
| Return on assets % | 13% | 10.8% | 10.3% | 10.7% | 14.5% | 16.9% | 15.7% | 11.1% |
| Return on capital employed % | 25% | 22.6% | 21.4% | 16.8% | 21.5% | 25.2% | 25% | 17.6% |
| Return on equity % | 17.9% | 17.1% | 13.6% | 13.6% | 17.1% | 19.9% | 18.1% | 12.6% |
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.