Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 43.8% | 45.7% | 49.1% | 44.5% | 41% | 42.3% | 45.3% | 43.4% |
| EBITDA margin % | 17% | 17.8% | 20.1% | 17.9% | 16.3% | 18.2% | 22.8% | 21.7% |
| EBIT margin % | 14.6% | 15.3% | 17.2% | 15.4% | 14.5% | 16.7% | 21.6% | 20.4% |
| PAT margin % | 10.6% | 13.6% | 12.7% | 30.8% | 13.4% | 15.2% | 20.9% | 16.8% |
| Working capital | ||||||||
| Receivable days | 77 | 55 | 40 | 41 | 33 | 33 | 72 | 109 |
| Inventory days | 170 | 143 | 164 | 124 | 112 | 102 | 71 | 76 |
| Payable days | 93 | 53 | 75 | 85 | 61 | 73 | 113 | 168 |
| NWC days | 153 | 145 | 128 | 81 | 84 | 62 | 31 | 17 |
| Leverage | ||||||||
| Current ratio | 1.56 | 1.89 | 2.17 | 2.15 | 1.68 | 1.73 | 2.09 | 1.81 |
| Debt to EBITDA | 0 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 122.2 | 43.7 | 124.3 | 191.9 | 198.3 | 112.3 | 209.2 | 225 |
| Asset turnover | 1.15 | 1.03 | 0.78 | 0.67 | 0.94 | 0.99 | 1.03 | 0.91 |
| Return ratios | ||||||||
| Return on assets % | 12.2% | 14% | 10% | 20.5% | 12.6% | 15% | 21.4% | 15.3% |
| Return on capital employed % | 30.7% | 30.6% | 24.9% | 21.9% | 27.6% | 40.2% | 49.5% | 40.4% |
| Return on equity % | 21.1% | 22.1% | 15% | 32.4% | 23.2% | 27.3% | 36.2% | 27.4% |
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.