Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 37.7% | 42.5% | 45.1% | 40.1% | 42.1% | 43.5% | 43.9% | 45.4% |
| EBITDA margin % | 7.1% | 6.6% | 7% | 5.6% | 7.4% | 8.3% | 8.4% | 8.4% |
| EBIT margin % | 5.7% | 4.7% | 4.9% | 4% | 6% | 7% | 7.2% | 6.9% |
| PAT margin % | 7.8% | 6.7% | 4.5% | 5% | 6.4% | 7.5% | 9.2% | 10% |
| Working capital | ||||||||
| Receivable days | — | — | 96 | 87 | 86 | 94 | 96 | 85 |
| Inventory days | — | — | 52 | 56 | 48 | 44 | 40 | 49 |
| Payable days | — | — | 178 | 148 | 127 | 119 | 115 | 146 |
| NWC days | — | — | -30 | -5 | 7 | 19 | 21 | -11 |
| Leverage | ||||||||
| Current ratio | — | — | 1.51 | 1.17 | 1.36 | 1.29 | 1.41 | 1.26 |
| Debt to EBITDA | — | — | 0.65 | 0.8 | 0.58 | 0.64 | 0.16 | 0.23 |
| Debt to equity | — | — | 0.05 | 0.06 | 0.07 | 0.09 | 0.02 | 0.03 |
| Interest coverage | 61.5 | 48.8 | 34.4 | 21.3 | 22.7 | 25.2 | 20.7 | 29.4 |
| Asset turnover | — | — | 0.62 | 0.74 | 0.84 | 0.86 | 0.86 | 0.86 |
| Return ratios | ||||||||
| Return on assets % | — | — | 2.8% | 3.7% | 5.4% | 6.5% | 7.9% | 8.6% |
| Return on capital employed % | — | — | 9.8% | 9.3% | 13.9% | 17.5% | 16.9% | 17.1% |
| Return on equity % | — | — | 4.9% | 6.7% | 10.2% | 12.4% | 14.4% | 14.7% |
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.