Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 78.4% | 80.8% | 74.5% | 75% | 76.5% | 74.6% | 73.5% | 71.7% |
| EBITDA margin % | 24.6% | 24.6% | 20.4% | 25.6% | 25.1% | 20% | 18.4% | 19.8% |
| EBIT margin % | 21% | 19.5% | 13.8% | 19.6% | 20.1% | 13.2% | 10.1% | 10.9% |
| PAT margin % | 22.3% | 234.2% | 16% | 21.5% | 20.8% | 20.4% | 12.5% | 12.5% |
| Working capital | ||||||||
| Receivable days | 17 | 17 | 18 | 18 | 15 | 19 | 21 | 19 |
| Inventory days | 260 | 457 | 249 | 345 | 378 | 308 | 293 | 298 |
| Payable days | — | — | 230 | 220 | 219 | 184 | 241 | 237 |
| NWC days | — | — | 37 | 143 | 174 | 143 | 73 | 81 |
| Leverage | ||||||||
| Current ratio | 2.41 | 2.81 | 2.77 | 2.52 | 2.2 | 1.62 | 1.15 | 1.35 |
| Debt to EBITDA | 0 | — | 0 | 0 | 0 | 0.13 | 2.76 | 3.66 |
| Debt to equity | 0 | — | 0 | 0 | 0 | 0.01 | 0.12 | 0.18 |
| Interest coverage | 13.8 | 20.2 | 33.8 | 52.2 | 49.7 | 19.7 | 5.3 | 4.1 |
| Asset turnover | 0.28 | 0.22 | 0.2 | 0.22 | 0.28 | 0.21 | 0.2 | 0.19 |
| Return ratios | ||||||||
| Return on assets % | 6.2% | 51.1% | 3.3% | 4.7% | 5.7% | 4.3% | 2.5% | 2.4% |
| Return on capital employed % | 10.5% | 7% | 4.9% | 6.8% | 8% | 5.3% | 3.8% | 4% |
| Return on equity % | 7.4% | 57.1% | 3.6% | 5.2% | 6.4% | 4.8% | 3.1% | 3.1% |
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.