Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 33.3% | 32.3% | 30% | 32.1% | 31.3% | 31.6% |
| EBITDA margin % | 7.5% | 3.5% | 12% | 14.5% | 12.6% | 12.8% | 11.2% | 13.4% |
| EBIT margin % | 4.9% | 0.5% | 9.8% | 11.6% | 10% | 10% | 8.6% | 11.3% |
| PAT margin % | 7.5% | 3.3% | 11.9% | 11.6% | 9.2% | 12.6% | 9.5% | 8.6% |
| Working capital | ||||||||
| Receivable days | — | — | 39 | 29 | 54 | 59 | 75 | 51 |
| Inventory days | — | — | 77 | 64 | 56 | 65 | 54 | 53 |
| Payable days | — | — | 60 | 52 | 68 | 55 | 53 | 43 |
| NWC days | — | — | 56 | 41 | 42 | 69 | 76 | 60 |
| Leverage | ||||||||
| Current ratio | — | — | 3.16 | 3.44 | 3.28 | 4.6 | 4.77 | 5.63 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 32.8 | 8.1 | 78.4 | 126.9 | 98.6 | 73.4 | 63.2 | 75.8 |
| Asset turnover | — | — | 0.86 | 0.88 | 0.92 | 0.83 | 0.78 | 0.92 |
| Return ratios | ||||||||
| Return on assets % | — | — | 10.3% | 10.3% | 8.5% | 10.4% | 7.5% | 7.9% |
| Return on capital employed % | — | — | 17% | 17.7% | 15.1% | 17.1% | 12.1% | 13% |
| Return on equity % | — | — | 13.6% | 13.2% | 11.2% | 13.1% | 9.4% | 9.7% |
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.