Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 71.6% | 60.5% | 56.9% | 55.7% | 57.5% | 56.5% | 53.1% |
| EBITDA margin % | 27.9% | 27.6% | 25.8% | 25.8% | 28.5% | 28.2% | 25.8% |
| EBIT margin % | 21.5% | 21.4% | 19.1% | 19.1% | 21.5% | 21% | 19.5% |
| PAT margin % | 15.6% | 15.4% | 18.2% | 15.7% | 16.8% | 17.9% | 15.6% |
| Working capital | |||||||
| Receivable days | — | 104 | 82 | 87 | 73 | 71 | 95 |
| Inventory days | — | 169 | 131 | 90 | 92 | 80 | 103 |
| Payable days | — | 128 | 81 | 77 | 80 | 76 | 78 |
| NWC days | — | 145 | 132 | 99 | 86 | 75 | 120 |
| Leverage | |||||||
| Current ratio | — | 1.71 | 2.46 | 2.24 | 1.8 | 6.86 | 3.42 |
| Debt to EBITDA | — | 0.94 | 0.14 | 0.46 | 0.28 | 0 | 0.2 |
| Debt to equity | — | 0.27 | 0.04 | 0.13 | 0.09 | 0 | 0.04 |
| Interest coverage | 5 | 10.6 | 24.4 | 31.4 | 26.1 | 29.3 | 49.5 |
| Asset turnover | — | 0.66 | 0.77 | 0.83 | 0.81 | 0.53 | 0.6 |
| Return ratios | |||||||
| Return on assets % | — | 10.2% | 14.1% | 13% | 13.5% | 9.4% | 9.3% |
| Return on capital employed % | — | 19.8% | 21.8% | 22.3% | 24.7% | 19.1% | 15.7% |
| Return on equity % | — | 15.9% | 17.9% | 17.2% | 18.8% | 10.7% | 11.1% |
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.