Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 71.6% | 71.9% | 66.1% | 70.6% | 67.9% | 69.9% | 71.6% | 73% |
| EBITDA margin % | 40% | 41.7% | 36% | 41.1% | 23% | 25.6% | 29.5% | 33.1% |
| EBIT margin % | 36.1% | 36.8% | 31.6% | 36% | 16% | 18.1% | 22.2% | 26.5% |
| PAT margin % | 25.7% | 19.8% | 25.3% | 27.1% | 11.7% | 13.6% | 15.1% | 19.2% |
| Working capital | ||||||||
| Receivable days | 11 | 14 | 34 | 60 | 63 | 28 | 40 | 33 |
| Inventory days | 54 | 60 | 50 | 54 | 63 | 106 | 93 | 81 |
| Payable days | 19 | 62 | 48 | 30 | 55 | 83 | 141 | 96 |
| NWC days | 46 | 12 | 37 | 84 | 71 | 51 | -9 | 18 |
| Leverage | ||||||||
| Current ratio | 4.57 | 2.24 | 2.91 | 3.83 | 3.22 | 3.23 | 2.69 | 3.31 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0.15 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0.04 | 0 | 0 |
| Interest coverage | 313.5 | 119.4 | 245.4 | 88.1 | 37 | 27.3 | 58.5 | 100.3 |
| Asset turnover | 0.76 | 0.9 | 0.9 | 0.94 | 0.8 | 0.84 | 0.94 | 1.09 |
| Return ratios | ||||||||
| Return on assets % | 19.5% | 17.9% | 22.7% | 25.5% | 9.3% | 11.5% | 14.2% | 20.9% |
| Return on capital employed % | 32% | 36.9% | 37.8% | 41.9% | 15.5% | 18.8% | 27.7% | 37% |
| Return on equity % | 20.9% | 21% | 26.9% | 29.2% | 10.9% | 13.8% | 17.8% | 26.5% |
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.