Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 59.4% | 46.7% | 48% | 46.8% | 46.8% | 53.4% |
| EBITDA margin % | 37% | 39.7% | 36.9% | 26.9% | 28.6% | 24.7% | 26% | 30.9% |
| EBIT margin % | 34.5% | 36.4% | 32.4% | 24.1% | 26.1% | 20.9% | 22.4% | 26.8% |
| PAT margin % | 25.3% | 32.7% | 28.2% | 21.5% | 22% | 17% | 18.5% | 21.9% |
| Working capital | ||||||||
| Receivable days | — | — | 106 | 104 | 82 | 102 | 96 | 87 |
| Inventory days | — | — | 115 | 75 | 64 | 72 | 66 | 99 |
| Payable days | — | — | 62 | 49 | 40 | 36 | 43 | 40 |
| NWC days | — | — | 158 | 130 | 107 | 137 | 119 | 146 |
| Leverage | ||||||||
| Current ratio | — | — | 6.1 | 4.64 | 4.51 | 4.73 | 3.28 | 5.25 |
| Debt to EBITDA | — | — | 0.01 | 0.04 | 0 | 0.01 | 0.11 | 0 |
| Debt to equity | — | — | 0 | 0.01 | 0 | 0 | 0.02 | 0 |
| Interest coverage | 453.4 | 390.6 | 1,597.5 | 1,729.1 | 977.7 | 120.1 | 1,055.3 | 1,582.8 |
| Asset turnover | — | 1.34 | 0.55 | 0.77 | 0.82 | 0.67 | 0.69 | 0.62 |
| Return ratios | ||||||||
| Return on assets % | — | 43.9% | 15.5% | 16.6% | 18% | 11.4% | 12.7% | 13.5% |
| Return on capital employed % | — | — | 20.6% | 25.3% | 29% | 17.6% | 19.6% | 20.3% |
| Return on equity % | — | — | 17.5% | 19% | 20.6% | 13.1% | 14.8% | 15.2% |
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.