Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 35.3% | 39.7% | 39.3% | 38.3% | 39.8% | 45.1% | 45.4% | 48.2% |
| EBITDA margin % | 13.9% | 12.3% | 13.9% | 13.9% | 14.6% | 19.6% | 19.4% | 21.7% |
| EBIT margin % | 12.2% | 10.3% | 11.6% | 12.1% | 13.3% | 18% | 17.3% | 19.2% |
| PAT margin % | 3.5% | 28.4% | 7.5% | 11.7% | 10.5% | 15.7% | 13.9% | 15.3% |
| Working capital | ||||||||
| Receivable days | — | — | 59 | 50 | 37 | 51 | 45 | 43 |
| Inventory days | — | — | 114 | 97 | 109 | 101 | 106 | 99 |
| Payable days | — | — | 107 | 57 | 37 | 32 | 34 | 40 |
| NWC days | — | — | 66 | 89 | 108 | 120 | 117 | 102 |
| Leverage | ||||||||
| Current ratio | — | — | 1.44 | 2.07 | 2.26 | 2.67 | 2.82 | 3.29 |
| Debt to EBITDA | — | — | 1.56 | 0.65 | 0.58 | 0.33 | 0.29 | 0 |
| Debt to equity | — | — | 0.41 | 0.18 | 0.16 | 0.1 | 0.08 | 0 |
| Interest coverage | 2.8 | 3 | 3.9 | 8.1 | 20.2 | 63.1 | 36.6 | 106.5 |
| Asset turnover | — | — | 0.91 | 1.2 | 1.27 | 1.15 | 1.1 | 1.06 |
| Return ratios | ||||||||
| Return on assets % | — | — | 6.8% | 14% | 13.3% | 18% | 15.3% | 16.2% |
| Return on capital employed % | — | — | 18.1% | 24.3% | 25.4% | 31.2% | 26.5% | 29.5% |
| Return on equity % | — | — | 14.1% | 22.8% | 19.8% | 24.4% | 19.7% | 19.7% |
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.