Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 75.5% | 74.6% | 77.4% | 73.9% | 73.8% | 74.8% | 74.3% | 65.1% |
| EBITDA margin % | 17.8% | 16.8% | 20.6% | 20.1% | 20.1% | 21.4% | 18.3% | 16.1% |
| EBIT margin % | 10.7% | 9.4% | 11.8% | 14.6% | 14.8% | 16.9% | 13.8% | 11.6% |
| PAT margin % | 6.9% | 5.8% | 10.2% | 10.8% | 11.4% | 12.5% | 9.6% | 12.6% |
| Working capital | ||||||||
| Receivable days | 64 | 69 | 81 | 53 | 46 | 52 | 55 | 73 |
| Inventory days | 41 | 44 | 77 | 43 | 39 | 31 | 33 | 29 |
| Payable days | 190 | 179 | — | — | 147 | 127 | 129 | 119 |
| NWC days | -85 | -66 | — | — | -62 | -45 | -41 | -18 |
| Leverage | ||||||||
| Current ratio | 2.2 | 2.92 | 3.37 | 3.67 | 4.14 | 3.99 | 3.89 | 3.41 |
| Debt to EBITDA | 0.69 | 0.6 | 0.51 | 0.32 | 0.24 | 0.64 | 0.65 | 0.83 |
| Debt to equity | 0.07 | 0.06 | 0.05 | 0.05 | 0.04 | 0.11 | 0.09 | 0.1 |
| Interest coverage | 7.3 | 10 | 16.5 | 38.4 | 40.1 | 55.8 | 13.2 | 10.1 |
| Asset turnover | 0.48 | 0.49 | 0.41 | 0.6 | 0.61 | 0.6 | 0.59 | 0.56 |
| Return ratios | ||||||||
| Return on assets % | 3.4% | 2.9% | 4.2% | 6.4% | 6.9% | 7.6% | 5.7% | 7.1% |
| Return on capital employed % | 6.8% | 7.2% | 6.5% | 11.2% | 12.1% | 13.9% | 11.2% | 9.3% |
| Return on equity % | 4% | 3.4% | 5% | 7.7% | 8.3% | 9.8% | 7.4% | 9.1% |
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.