Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 72.2% | 68.4% | 68.1% | 66.9% | — |
| EBITDA margin % | 21.3% | 20.2% | 12.6% | 18.8% | 17.4% | 17.1% | 13.4% | 8.3% |
| EBIT margin % | 11.7% | 11% | 3.7% | 11.1% | 10.9% | 11.6% | 7.7% | 2.2% |
| PAT margin % | 10.2% | 10.4% | 1.7% | 16.7% | 12.9% | 9.8% | 14.4% | 5.1% |
| Working capital | ||||||||
| Receivable days | — | — | — | 83 | 72 | 68 | 62 | — |
| Inventory days | — | — | — | 140 | 126 | 102 | 100 | — |
| Payable days | — | — | — | 111 | 101 | 85 | 87 | — |
| NWC days | — | — | — | 112 | 97 | 85 | 75 | — |
| Leverage | ||||||||
| Current ratio | — | — | — | 3.57 | 3.82 | 5.15 | 5.16 | — |
| Debt to EBITDA | — | — | — | 0.18 | 0.2 | 0.06 | 0.25 | — |
| Debt to equity | — | — | — | 0.03 | 0.03 | 0.01 | 0.03 | — |
| Interest coverage | 9.6 | 8.6 | 2.9 | 15.7 | 42.3 | 39.2 | 59.3 | 19.4 |
| Asset turnover | — | — | — | 0.72 | 0.7 | 0.75 | 0.68 | — |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 11.9% | 9.1% | 7.4% | 9.8% | — |
| Return on capital employed % | — | — | — | 17.3% | 14% | 11.8% | 15.1% | — |
| Return on equity % | — | — | — | 14.2% | 10.7% | 8.6% | 11.5% | — |
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.