Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 43.1% | 43.5% | 42.3% | 36.7% | 35.1% | 33.7% | 35.2% | 33% |
| EBITDA margin % | 9.6% | 9.9% | 10.2% | 13.2% | 13.9% | 7.8% | 9% | 5.3% |
| EBIT margin % | 3% | 4% | 2.2% | 8.1% | 10% | 2.8% | 3.2% | -0.1% |
| PAT margin % | 0.2% | 3% | 2.6% | 3.9% | 5.5% | -0.6% | 0.4% | -1.5% |
| Working capital | ||||||||
| Receivable days | 106 | 101 | 140 | 121 | 101 | 117 | 102 | 108 |
| Inventory days | 222 | 187 | 309 | 228 | 175 | 170 | 181 | 186 |
| Payable days | 183 | 148 | 262 | 148 | 131 | 108 | 148 | 174 |
| NWC days | 145 | 141 | 187 | 201 | 145 | 178 | 135 | 120 |
| Leverage | ||||||||
| Current ratio | 1.2 | 1.25 | 1.22 | 1.38 | 1.36 | 1.45 | 1.48 | 1.39 |
| Debt to EBITDA | 3.46 | 2.21 | 4.4 | 3.12 | 2.12 | 4.83 | 3.13 | 4.83 |
| Debt to equity | 0.42 | 0.3 | 0.4 | 0.62 | 0.65 | 0.67 | 0.49 | 0.47 |
| Interest coverage | 1 | 1.2 | 0.7 | 2.4 | 3.8 | 0.8 | 1.1 | 0.4 |
| Asset turnover | 0.65 | 0.75 | 0.48 | 0.71 | 0.98 | 0.86 | 0.86 | 0.86 |
| Return ratios | ||||||||
| Return on assets % | 0.1% | 2.2% | 1.3% | 2.8% | 5.4% | -0.5% | 0.3% | -1.3% |
| Return on capital employed % | 5.6% | 5.2% | 2.4% | 11.2% | 20.1% | 4.8% | 5.9% | 1.9% |
| Return on equity % | 0.2% | 4% | 2.4% | 5.9% | 12.2% | -1.1% | 0.6% | -2.7% |
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.