Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 31.4% | 28.2% | 27% | 24.7% | 23.5% | 23.1% |
| EBITDA margin % | 11.1% | 7.8% | 16.1% | 14.8% | 9.2% | 7.2% | 8% | 7.4% |
| EBIT margin % | 11.1% | 7.8% | 14.2% | 13.4% | 7.3% | 4.9% | 6.1% | 5.6% |
| PAT margin % | 8% | 6.6% | 11.2% | 10.3% | 6.3% | 4.9% | 5.3% | 5.1% |
| Working capital | ||||||||
| Receivable days | — | — | 40 | 46 | 44 | 47 | 46 | 50 |
| Inventory days | — | — | 26 | 23 | 32 | 30 | 28 | 31 |
| Payable days | — | — | 34 | 25 | 24 | 21 | 21 | 21 |
| NWC days | — | — | 32 | 44 | 52 | 55 | 53 | 59 |
| Leverage | ||||||||
| Current ratio | — | — | 2.76 | 3.63 | 3.92 | 5.04 | 5.31 | 6.01 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 89.8 | 200.8 | 1,007 | 1,495.5 | 452.9 | — | 3,348 | 1,185.3 |
| Asset turnover | — | — | 1.13 | 1.51 | 1.28 | 1.27 | 1.44 | 1.49 |
| Return ratios | ||||||||
| Return on assets % | — | — | 12.7% | 15.6% | 8.1% | 6.3% | 7.6% | 7.6% |
| Return on capital employed % | — | — | 19.5% | 26.4% | 12.4% | 9.2% | 11.6% | 11.6% |
| Return on equity % | — | — | 15.7% | 18.8% | 9.6% | 7.4% | 9% | 9% |
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.