Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 22.7% | 23% | 29.7% | 22.5% | 19.1% | 17.3% | 16.6% | 18.2% |
| EBITDA margin % | 8.7% | 7.6% | 15.7% | 12.4% | 9.2% | 6.8% | 4.3% | 5.6% |
| EBIT margin % | 7.7% | 6.5% | 14.7% | 11.6% | 8.7% | 6.2% | 3.6% | 5% |
| PAT margin % | 5.1% | 4.7% | 11.7% | 8.8% | 6.2% | 5.5% | 3.3% | 4.4% |
| Working capital | ||||||||
| Receivable days | 93 | 91 | 104 | 76 | 77 | 77 | 74 | 77 |
| Inventory days | 91 | 104 | 160 | 98 | 100 | 100 | 91 | 90 |
| Payable days | 106 | 117 | — | 2 | 94 | 90 | 69 | 79 |
| NWC days | 79 | 79 | — | 172 | 83 | 87 | 97 | 88 |
| Leverage | ||||||||
| Current ratio | 2.15 | 2.2 | — | — | 2.35 | 2.37 | 2.79 | 2.52 |
| Debt to EBITDA | 0.01 | 0 | 0 | — | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | — | 0 | 0 | 0 | 0 |
| Interest coverage | 6.6 | 7.2 | 35 | 18.9 | 9.4 | 8.1 | 6.9 | 14.2 |
| Asset turnover | 1.58 | 1.43 | 1.1 | 1.42 | 1.55 | 1.51 | 1.61 | 1.59 |
| Return ratios | ||||||||
| Return on assets % | 8% | 6.7% | 12.9% | 12.6% | 9.7% | 8.2% | 5.2% | 7.1% |
| Return on capital employed % | 22.1% | 16.6% | 24.1% | 23% | 23.2% | 19.6% | 11.6% | 15.5% |
| Return on equity % | 13.4% | 11% | 20.5% | 19.9% | 15% | 12.6% | 7.4% | 10.5% |
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.