Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 31.6% | 32.3% | 32.2% | 31.6% | 27.1% | 26.4% | 26.7% | 27.2% |
| EBITDA margin % | 11.1% | 12.9% | 15.2% | 15.1% | 12.4% | 11.6% | 11.5% | 11.8% |
| EBIT margin % | 9.9% | 11.4% | 14% | 13.6% | 11.2% | 10.6% | 10.4% | 10.4% |
| PAT margin % | 8.6% | 9.2% | 10.6% | 13% | 11.7% | 14.6% | 10% | 9.7% |
| Working capital | ||||||||
| Receivable days | — | — | 0 | 0 | 164 | 161 | 167 | 152 |
| Inventory days | — | — | 0 | 0 | 172 | 165 | 162 | 141 |
| Payable days | — | — | 0 | 0 | 34 | 29 | 38 | 45 |
| NWC days | — | — | 0 | 0 | 303 | 298 | 291 | 248 |
| Leverage | ||||||||
| Current ratio | — | — | — | — | 4.58 | 6.51 | 4.98 | 2.95 |
| Debt to EBITDA | — | — | 0 | 0 | 1.12 | 0.52 | 0.66 | 0.42 |
| Debt to equity | — | — | — | — | 0.13 | 0.05 | 0.06 | 0.04 |
| Interest coverage | 4.5 | 5.2 | 13.8 | 10.5 | 9.2 | 16.5 | 23.4 | 22.8 |
| Asset turnover | — | — | — | — | 0.75 | 0.77 | 0.72 | 0.68 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | — | 8.7% | 11.1% | 7.1% | 6.6% |
| Return on capital employed % | — | — | — | — | 15.5% | 18.2% | 11.4% | 12% |
| Return on equity % | — | — | — | — | 10.9% | 12.7% | 8.3% | 8.5% |
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.