Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 82.6% | 83.1% | 82.5% | 83.1% | 82% | 83.7% | 82.5% | 79.4% |
| EBITDA margin % | 18.3% | 21.3% | 25.4% | 21.6% | 16.2% | 18.4% | 17.1% | 18.8% |
| EBIT margin % | 12.6% | 15.2% | 19.8% | 16.7% | 11.9% | 14% | 11.9% | 13.9% |
| PAT margin % | 6.9% | 13.4% | 12.4% | 14% | 8% | 10.1% | 8.6% | 9% |
| Working capital | ||||||||
| Receivable days | 24 | — | 19 | 20 | 19 | 19 | 22 | 22 |
| Inventory days | 222 | — | 180 | 220 | 201 | 262 | 249 | 181 |
| Payable days | 174 | — | 205 | 228 | 218 | 265 | 228 | 189 |
| NWC days | 72 | — | -5 | 12 | 3 | 16 | 43 | 13 |
| Leverage | ||||||||
| Current ratio | 0.87 | — | 1.19 | 1.02 | 0.98 | 0.84 | 0.71 | 0.71 |
| Debt to EBITDA | 3.01 | — | 1.58 | 0.9 | 0.88 | 0.64 | 1.58 | 1.27 |
| Debt to equity | 0.7 | — | 0.4 | 0.2 | 0.17 | 0.14 | 0.28 | 0.26 |
| Interest coverage | 3.5 | 4.1 | 7.4 | 11.4 | 10.6 | 11.8 | 6.3 | 7.2 |
| Asset turnover | 0.52 | 0.93 | 0.54 | 0.63 | 0.71 | 0.71 | 0.59 | 0.64 |
| Return ratios | ||||||||
| Return on assets % | 3.5% | 12.5% | 6.6% | 8.8% | 5.7% | 7.1% | 5.1% | 5.8% |
| Return on capital employed % | 10.2% | — | 15.3% | 14.9% | 12.7% | 15% | 11.2% | 12.2% |
| Return on equity % | 8.8% | — | 12.3% | 14.3% | 9.3% | 11.7% | 8.9% | 9.9% |
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.