Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 96.1% | — | 94.1% | 96.5% | 98.9% | — | 98.1% |
| EBITDA margin % | 26.2% | 25.1% | 25.6% | 25.3% | 26% | 22.8% | 19.6% | 19.1% |
| EBIT margin % | 24.6% | 23.4% | 23.1% | 23% | 23.7% | 20.5% | 17% | 16.6% |
| PAT margin % | 22.6% | 24.8% | 23.6% | 19.3% | 21.1% | 19.6% | 18.2% | 17.6% |
| Working capital | ||||||||
| Receivable days | 109 | 125 | 115 | 97 | 126 | 139 | 127 | 148 |
| Inventory days | 26 | 41 | 78 | 287 | 127 | 73 | 17 | 293 |
| Payable days | 2 | 33 | 79 | 430 | 1,234 | 3,182 | 78 | 2,665 |
| NWC days | 133 | 133 | 114 | -46 | -981 | -2,970 | 66 | -2,225 |
| Leverage | ||||||||
| Current ratio | 1.67 | 1.72 | 1.54 | 1.52 | 1.6 | 1.61 | 1.5 | 1.63 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 223.6 | 271.6 | 199 | 137 | 108 | 128 | 89.5 | 138.7 |
| Asset turnover | 0.38 | 0.42 | 0.32 | 0.46 | 0.44 | 0.43 | 0.36 | 0.4 |
| Return ratios | ||||||||
| Return on assets % | 8.5% | 10.4% | 7.5% | 8.9% | 9.2% | 8.4% | 6.4% | 7% |
| Return on capital employed % | 27.8% | 30.4% | 20.9% | 26.4% | 26.5% | 21.8% | 18.6% | 18.3% |
| Return on equity % | 18.7% | 23.1% | 18.3% | 20.7% | 21.2% | 18.1% | 15% | 15.6% |
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.