Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 70.3% | 70.9% | 71.5% | 76.7% | 75.9% | 79.2% | 80.2% |
| EBITDA margin % | 27.1% | 16.6% | 25.2% | 28.9% | 29.7% | 26.7% | 35.5% | 34.8% |
| EBIT margin % | 17.8% | 5% | 14.2% | 20.5% | 20% | 15.9% | 25.2% | 24% |
| PAT margin % | 11.9% | 3.8% | 10.2% | 14.9% | 15% | 12.4% | 19.6% | 19% |
| Working capital | ||||||||
| Receivable days | 100 | 117 | 128 | 102 | 93 | 101 | 113 | 95 |
| Inventory days | 45 | 116 | 88 | 81 | 112 | 119 | 128 | 135 |
| Payable days | — | — | 88 | 57 | 71 | 40 | 54 | 53 |
| NWC days | — | — | 128 | 126 | 133 | 181 | 187 | 177 |
| Leverage | ||||||||
| Current ratio | 2.13 | 1.67 | 2.09 | 2.64 | 2.87 | 2.9 | 2.92 | 3.43 |
| Debt to EBITDA | 0.29 | 0.74 | 0.56 | 0.24 | 0.16 | 0.23 | 0.07 | 0.02 |
| Debt to equity | 0.1 | 0.13 | 0.15 | 0.08 | 0.05 | 0.06 | 0.02 | 0.01 |
| Interest coverage | 8.6 | 3.2 | 14.1 | 38.7 | 25.2 | 25.4 | 47.8 | 91.2 |
| Asset turnover | 0.9 | 0.74 | 0.77 | 0.9 | 0.87 | 0.79 | 0.74 | 0.72 |
| Return ratios | ||||||||
| Return on assets % | 10.7% | 2.8% | 7.8% | 13.4% | 13.1% | 9.8% | 14.4% | 13.8% |
| Return on capital employed % | 20.5% | 6.3% | 15% | 24.2% | 23.6% | 16.6% | 24.4% | 23.7% |
| Return on equity % | 14.8% | 4% | 10.9% | 17.6% | 16.9% | 12.3% | 17.8% | 17% |
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.