Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 37.9% | 35.4% | 39% | 44.5% | 40.8% | 34.4% | 44% | 48% |
| EBITDA margin % | 22.7% | 16.9% | 23.3% | 33.2% | 27.9% | 18.8% | 27.4% | 31.6% |
| EBIT margin % | 19.6% | 13.3% | 20.3% | 31.2% | 25.7% | 16.5% | 23.1% | 26.8% |
| PAT margin % | 13% | 12.8% | 18.6% | 25% | 21.1% | 17% | 17.5% | 21.9% |
| Working capital | ||||||||
| Receivable days | 9 | 16 | 18 | 13 | 11 | 6 | 18 | 16 |
| Inventory days | 107 | 147 | 165 | 107 | 112 | 71 | 111 | 95 |
| Payable days | 0 | 1 | — | 1 | 11 | 14 | 20 | 14 |
| NWC days | 115 | 162 | — | 118 | 112 | 62 | 109 | 97 |
| Leverage | ||||||||
| Current ratio | 2.23 | 2.84 | 3.39 | 4.47 | 7.06 | 8.26 | 6.34 | 10.56 |
| Debt to EBITDA | 0.73 | 1.52 | 0.73 | 0.19 | 0.17 | 0.26 | 1.57 | 1.01 |
| Debt to equity | 0.17 | 0.21 | 0.13 | 0.06 | 0.04 | 0.04 | 0.26 | 0.21 |
| Interest coverage | 10.1 | 7 | 12.5 | 40.1 | 54.1 | 34.8 | 9.5 | 10.5 |
| Asset turnover | 0.79 | 0.6 | 0.62 | 0.83 | 0.86 | 0.7 | 0.45 | 0.49 |
| Return ratios | ||||||||
| Return on assets % | 10.3% | 7.7% | 11.4% | 20.8% | 18.2% | 12% | 7.8% | 10.7% |
| Return on capital employed % | 20.6% | 13.2% | 20% | 34.9% | 28.2% | 18.4% | 16.8% | 17.5% |
| Return on equity % | 13.7% | 10.5% | 14.7% | 25% | 20.6% | 13.2% | 10.4% | 14.1% |
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.