Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 69.4% | 36.8% | 39.9% | 41% | 40.2% | 35.8% | 38.3% | 39.7% |
| EBITDA margin % | 14.6% | 14.4% | 12.4% | 14.2% | 10.2% | 9.1% | 10.6% | 11.7% |
| EBIT margin % | 12.6% | 11.2% | 8.9% | 11.4% | 6.9% | 5.8% | 7.3% | 8.6% |
| PAT margin % | 9.1% | 10.9% | 9.1% | 10.1% | 3.3% | 5.5% | 6.6% | 7.9% |
| Working capital | ||||||||
| Receivable days | — | — | 82 | 76 | 84 | 89 | 95 | 86 |
| Inventory days | — | — | 80 | 99 | 91 | 37 | 76 | 56 |
| Payable days | — | — | 87 | 116 | 113 | 65 | 102 | 99 |
| NWC days | — | — | 75 | 59 | 62 | 60 | 69 | 43 |
| Leverage | ||||||||
| Current ratio | — | — | 1.57 | 1.65 | 2.01 | 1.87 | 1.69 | 1.62 |
| Debt to EBITDA | — | — | 0.76 | 0.86 | 0.52 | 1.39 | 1.36 | 1.45 |
| Debt to equity | — | — | 0.08 | 0.12 | 0.06 | 0.15 | 0.17 | 0.2 |
| Interest coverage | 26.2 | 32.6 | 31.2 | 45.9 | 33.7 | 36.8 | 23 | 22.4 |
| Asset turnover | — | — | 0.63 | 0.72 | 0.82 | 0.87 | 0.79 | 0.78 |
| Return ratios | ||||||||
| Return on assets % | — | — | 5.7% | 7.3% | 2.7% | 4.8% | 5.2% | 6.1% |
| Return on capital employed % | — | — | 8.6% | 13% | 8.6% | 8.6% | 9.9% | 11.4% |
| Return on equity % | — | — | 7.3% | 10.2% | 3.8% | 6.7% | 7.7% | 9.2% |
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.