Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 24.6% | 20.8% | 21.1% | 24.3% | 18.9% | 15.8% |
| EBITDA margin % | 9.8% | 5.6% | 7.9% | 10.7% | 6.4% | 5.5% |
| EBIT margin % | 7.1% | 3.4% | 5.4% | 8% | 3.8% | 3.4% |
| PAT margin % | 4.7% | 1% | 2.1% | 3.8% | 2.3% | 1.5% |
| Working capital | ||||||
| Receivable days | 43 | 35 | 40 | 43 | 42 | 44 |
| Inventory days | 76 | 60 | 60 | 81 | 92 | 60 |
| Payable days | 81 | 56 | 44 | 55 | 63 | 62 |
| NWC days | 38 | 38 | 55 | 69 | 71 | 43 |
| Leverage | ||||||
| Current ratio | 1.12 | 1.2 | 1.26 | 1.54 | 1.35 | 1.32 |
| Debt to EBITDA | 3.2 | 5.02 | 3.12 | 1.54 | 2.58 | 2.19 |
| Debt to equity | 1.1 | 1.19 | 0.89 | 0.44 | 0.46 | 0.42 |
| Interest coverage | 3.2 | 1.9 | 2.2 | 3.4 | 2.5 | 2.4 |
| Asset turnover | 1.21 | 1.43 | 1.49 | 1.39 | 1.38 | 1.66 |
| Return ratios | ||||||
| Return on assets % | 5.6% | 1.4% | 3.2% | 5.3% | 3.1% | 2.4% |
| Return on capital employed % | 14.5% | 8.3% | 12.8% | 17.1% | 9.7% | 9.7% |
| Return on equity % | 16.3% | 4% | 7.6% | 10.2% | 6.4% | 5.1% |
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.