Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 69.7% | 35.1% | 36.5% | 31.1% | ||||
Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 69.7% | 35.1% | 36.5% | 31.1% | ||||
| 28.3% |
| 32.3% |
| 31.6% |
| 32.6% |
| EBITDA margin % | 13.8% | 15.2% | 20.2% | 16% | 13% | 15.3% | 13.7% | 13.9% |
| EBIT margin % | 10.6% | 11.4% | 16.9% | 13% | 10.2% | 12.3% | 10.3% | 10% |
| PAT margin % | 8.2% | 9% | 12.6% | 10.5% | 8.3% | 10% | 8.6% | 8.1% |
| Working capital | ||||||||
| Receivable days | 25 | — | 22 | 22 | 20 | 18 | 19 | 16 |
| Inventory days | 161 | — | 69 | 86 | 77 | 72 | 68 | 78 |
| Payable days | — | — | 58 | 54 | 50 | 54 | 46 | 50 |
| NWC days | — | — | 33 | 54 | 46 | 37 | 41 | 44 |
| Leverage | ||||||||
| Current ratio | 1.43 | — | 2.13 | 2.47 | 2.53 | 2.58 | 2.36 | 2.2 |
| Debt to EBITDA | 0.01 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 23.9 | 32.1 | 114.5 | 209.8 | 127 | 84.9 | 99.7 | 42.4 |
| Asset turnover | 1.83 | — | 1.6 | 1.71 | 1.79 | 1.7 | 1.61 | 1.59 |
| Return ratios | ||||||||
| Return on assets % | 15% | — | 20.1% | 17.9% | 14.9% | 17.1% | 13.8% | 12.9% |
| Return on capital employed % | 29.1% | — | 36.1% | 33% | 27% | 31.5% | 24.1% | 22.7% |
| Return on equity % | 23.1% | — | 27.9% | 24% | 19.9% | 22.6% | 18% | 16.7% |
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.