Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 28.2% | 31.1% | 26.8% | 23.1% | 26.3% | 28.4% | 30.4% | 28.5% |
| EBITDA margin % | 11.6% | 12.7% | 12.5% | 10.3% | 13% | 13.5% | 13.1% | 13.7% |
| EBIT margin % | 9.8% | 10.9% | 10.5% | 8.6% | 11.6% | 12.2% | 11.8% | 12.3% |
| PAT margin % | 6.3% | 8.6% | 9.5% | 7.7% | 9.1% | 9.8% | 9.1% | 9.2% |
| Working capital | ||||||||
| Receivable days | 68 | 67 | 60 | 39 | 32 | 46 | 46 | 48 |
| Inventory days | 127 | 115 | 111 | 84 | 102 | 92 | 78 | 97 |
| Payable days | 97 | 81 | 75 | 46 | 71 | 79 | 33 | 31 |
| NWC days | 98 | 100 | 97 | 77 | 63 | 59 | 91 | 114 |
| Leverage | ||||||||
| Current ratio | 1.5 | 2.02 | 2.46 | 2.99 | 2.7 | 2.48 | 2.72 | 1.84 |
| Debt to EBITDA | 0.2 | 0.1 | 0.08 | 0.06 | 0.05 | 0 | 0 | 0 |
| Debt to equity | 0.06 | 0.03 | 0.02 | 0.01 | 0.01 | 0 | 0 | 0 |
| Interest coverage | 7.5 | 21.9 | 25.2 | 33.9 | 31.1 | 24.1 | 17.6 | 15.9 |
| Asset turnover | 1.41 | 1.49 | 1.3 | 1.66 | 1.51 | 1.54 | 1.64 | 1.41 |
| Return ratios | ||||||||
| Return on assets % | 9% | 12.8% | 12.4% | 12.7% | 13.8% | 15.1% | 14.9% | 13% |
| Return on capital employed % | 31.3% | 30.4% | 23.7% | 21.8% | 28.3% | 32.1% | 30.4% | 33.3% |
| Return on equity % | 17.6% | 19.8% | 17.7% | 16.9% | 19.2% | 21.7% | 20.5% | 22% |
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.