Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 48.2% | 43% | 44.2% | 48.1% | 45.6% | 46.5% |
| EBITDA margin % | 16.8% | 16% | 20% | 15.7% | 16.3% | 20.2% | 18.1% | 19.5% |
| EBIT margin % | 13.3% | 11.9% | 15.2% | 12.2% | 14.2% | 17.7% | 15.7% | 17.7% |
| PAT margin % | 7.6% | 3.5% | 11.6% | 9.3% | 10.1% | 14.1% | 11.9% | 13.2% |
| Working capital | ||||||||
| Receivable days | 63 | 69 | 76 | 66 | 48 | 65 | 73 | 67 |
| Inventory days | 63 | 63 | 106 | 129 | 110 | 112 | 121 | 132 |
| Payable days | 26 | 33 | 76 | 56 | 27 | 30 | 30 | 50 |
| NWC days | 100 | 98 | 106 | 139 | 131 | 147 | 163 | 150 |
| Leverage | ||||||||
| Current ratio | 1.3 | 1.39 | 2.03 | 2.04 | 3.22 | 6.72 | 4.35 | 3.47 |
| Debt to EBITDA | 2.2 | 1.27 | 0.45 | 0.63 | 0.24 | 0 | 0.19 | 0.13 |
| Debt to equity | 0.92 | 0.46 | 0.16 | 0.21 | 0.09 | 0 | 0.05 | 0.04 |
| Interest coverage | 5.7 | 6.3 | 12.8 | 11.3 | 16.6 | 67.2 | 43.1 | 59.8 |
| Asset turnover | 1.05 | 1.17 | 1.17 | 1.35 | 1.77 | 1.5 | 1.32 | 1.15 |
| Return ratios | ||||||||
| Return on assets % | 8% | 4.1% | 13.6% | 12.5% | 17.8% | 21.1% | 15.6% | 15.3% |
| Return on capital employed % | 25% | 19.7% | 27.3% | 27.5% | 35.4% | 34.3% | 27.7% | 27.5% |
| Return on equity % | 18.9% | 7.9% | 21.3% | 19.3% | 23.3% | 23.9% | 18.5% | 18.5% |
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.