Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 36.5% | 41.5% | 41.1% | 34.9% | 35.6% | 36.1% | 37.3% | 37.6% |
| EBITDA margin % | 9.4% | 12.8% | 11.8% | 11.2% | 12.2% | 12.1% | 12.2% | 12.7% |
| EBIT margin % | 6.7% | 9% | 8.3% | 8.9% | 11.9% | 10.3% | 10% | 10.5% |
| PAT margin % | 4.6% | 7.7% | 6.4% | 7.5% | 9.2% | 9.7% | 16.4% | 9.7% |
| Working capital | ||||||||
| Receivable days | — | 37 | 49 | 41 | 35 | 45 | 44 | 47 |
| Inventory days | — | 60 | 75 | 57 | 47 | 48 | 47 | 49 |
| Payable days | — | 92 | 163 | 101 | 73 | 82 | 72 | 85 |
| NWC days | — | 6 | -38 | -3 | 9 | 10 | 19 | 11 |
| Leverage | ||||||||
| Current ratio | — | 1.02 | 0.97 | 1.09 | 1.12 | 1.14 | 1.4 | 1.62 |
| Debt to EBITDA | — | 0.3 | 0.61 | 0.49 | 0.54 | 0.5 | 0.1 | 0 |
| Debt to equity | — | 0.1 | 0.13 | 0.13 | 0.14 | 0.12 | 0.02 | 0 |
| Interest coverage | 8.2 | 15.6 | 21 | 54.4 | 7.4 | 33.9 | 63.5 | 142 |
| Asset turnover | — | 1.54 | 1.09 | 1.46 | 1.48 | 1.32 | 1.2 | 1.14 |
| Return ratios | ||||||||
| Return on assets % | — | 11.9% | 7% | 10.9% | 13.6% | 12.7% | 19.7% | 11% |
| Return on capital employed % | — | 25.5% | 19.3% | 25% | 35.5% | 27.1% | 33.6% | 19.6% |
| Return on equity % | — | 19.3% | 11.9% | 17.6% | 20.2% | 18.5% | 24.9% | 13.8% |
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.