Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 73.9% | 46.9% | 44.3% | 45.8% | 40.9% | 41% | 39.6% | 38.7% |
| EBITDA margin % | 17.6% | 22.5% | 17.9% | 23.2% | 20% | 19.7% | 18.8% | 17.9% |
| EBIT margin % | 13% | 17.7% | 12.5% | 19.3% | 16.9% | 16.7% | 16.1% | 14.8% |
| PAT margin % | 9.2% | 15.2% | 10.2% | 14.9% | 13.9% | 13.5% | 14.2% | 11.7% |
| Working capital | ||||||||
| Receivable days | 68 | 66 | 96 | 89 | 75 | 82 | 81 | 85 |
| Inventory days | 272 | 124 | 171 | 171 | 125 | 142 | 124 | 136 |
| Payable days | 8 | 92 | 156 | 100 | 76 | 82 | 76 | 105 |
| NWC days | 332 | 98 | 112 | 160 | 124 | 142 | 129 | 116 |
| Leverage | ||||||||
| Current ratio | 2.83 | 3.62 | 2.16 | 2.89 | 3.77 | 3.91 | 3.82 | 2.89 |
| Debt to EBITDA | 0.08 | 0.05 | 0.13 | 0.06 | 0.05 | 0.01 | 0 | 0 |
| Debt to equity | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 | 0 | 0 | 0 |
| Interest coverage | 153.5 | 112.4 | 136.5 | 183.6 | 187.3 | 139.3 | 129.8 | 145.1 |
| Asset turnover | 0.92 | 0.82 | 0.75 | 1 | 1.1 | 0.97 | 0.92 | 0.91 |
| Return ratios | ||||||||
| Return on assets % | 8.4% | 12.4% | 7.6% | 14.9% | 15.3% | 13.1% | 13.1% | 10.6% |
| Return on capital employed % | 15.5% | 19.6% | 12.5% | 27.5% | 27.1% | 22.7% | 20.5% | 17.9% |
| Return on equity % | 11.2% | 15.6% | 10.7% | 19.7% | 19.2% | 16.2% | 15.7% | 13.4% |
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.