Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 43.7% | 41.9% | 54.4% | 38.8% | 16.4% | 17.7% | 22.3% | 21.7% |
| EBITDA margin % | 21.7% | -0.3% | 21.9% | 26.6% | 11.2% | 11.5% | 15.1% | 14.5% |
| EBIT margin % | 18.1% | -4.7% | 16.3% | 22.9% | 10.4% | 10.8% | 14.5% | 14.1% |
| PAT margin % | 12.5% | 2.9% | 22.1% | 36.8% | 26.6% | 13.8% | 17.8% | 21% |
| Working capital | ||||||||
| Receivable days | — | — | — | 31 | 25 | 19 | 39 | 30 |
| Inventory days | — | — | — | 31 | 18 | 6 | 25 | 8 |
| Payable days | — | — | — | 19 | 30 | 27 | 34 | 45 |
| NWC days | — | — | — | 43 | 12 | -2 | 30 | -6 |
| Leverage | ||||||||
| Current ratio | — | — | — | 1.1 | 4.07 | 3.91 | 3.15 | 3.1 |
| Debt to EBITDA | — | — | — | 1.2 | 0.05 | 0.26 | 0.64 | 0.46 |
| Debt to equity | — | — | — | 0.26 | 0.01 | 0.04 | 0.1 | 0.09 |
| Interest coverage | 6.9 | 1.2 | 12.8 | 29 | 63.1 | 53.1 | 46.5 | 55.7 |
| Asset turnover | — | — | — | 0.5 | 1.16 | 0.96 | 0.78 | 0.83 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 18.3% | 30.9% | 13.3% | 13.9% | 17.4% |
| Return on capital employed % | — | — | — | 27.1% | 48.2% | 21% | 23.7% | 32.2% |
| Return on equity % | — | — | — | 29.5% | 37.6% | 17.3% | 18.9% | 27.3% |
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.