Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 42.4% | 42% | 41.4% | 40.2% | 41.1% | 42% | 43.2% |
| EBITDA margin % | 14.5% | 13.5% | 15.5% | 16% | 13.7% | 12.4% | 10.4% | 10.6% |
| EBIT margin % | 13.2% | 11.7% | 13.6% | 14.4% | 11.9% | 10.1% | 7.9% | 7.9% |
| PAT margin % | 9.7% | 10.3% | 11.6% | 11.6% | 9.9% | 9.6% | 6.4% | 6.7% |
| Working capital | ||||||||
| Receivable days | 53 | — | 49 | 43 | 42 | 39 | 35 | 31 |
| Inventory days | 88 | — | 122 | 126 | 114 | 114 | 131 | 139 |
| Payable days | — | — | 70 | 88 | 57 | 57 | 56 | 62 |
| NWC days | — | — | 100 | 81 | 99 | 96 | 111 | 107 |
| Leverage | ||||||||
| Current ratio | — | — | 3.19 | 3 | 3.74 | 4.15 | 3.82 | 3.53 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 149.5 | 92.6 | 99.1 | 99.6 | 70.8 | 36.8 | 26.7 | 30.5 |
| Asset turnover | 1.28 | — | 1.06 | 1.11 | 1.07 | 0.96 | 1.04 | 1.06 |
| Return ratios | ||||||||
| Return on assets % | 12.4% | — | 12.2% | 12.8% | 10.6% | 9.1% | 6.7% | 7.1% |
| Return on capital employed % | — | — | 19.8% | 24.2% | 18.9% | 15.7% | 13.1% | 14% |
| Return on equity % | 16.5% | — | 15.9% | 17.3% | 13.6% | 11.6% | 8.6% | 9.3% |
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.