Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 75.5% | 71.4% | 38.4% | 73.6% | 75.2% | 75.7% | 76.5% |
| EBITDA margin % | 11.1% | 8.7% | 12.3% | 13.1% | 15.2% | 16.4% | 17.5% |
| EBIT margin % | 7.1% | 3.6% | 8.5% | 9% | 10.7% | 11.7% | 13.1% |
| PAT margin % | 3.6% | 1.8% | 6% | 5.6% | 5.8% | 9.1% | 9.8% |
| Working capital | |||||||
| Receivable days | — | 48 | 47 | 43 | 36 | 37 | 38 |
| Inventory days | — | 29 | 13 | 25 | 16 | 15 | 19 |
| Payable days | — | 177 | 63 | 161 | 155 | 160 | 140 |
| NWC days | — | -100 | -4 | -93 | -103 | -107 | -82 |
| Leverage | |||||||
| Current ratio | — | 0.91 | 0.92 | 0.8 | 0.94 | 2.54 | 1.73 |
| Debt to EBITDA | — | 3.36 | 2.57 | 2.39 | 1.86 | 1.58 | 1.22 |
| Debt to equity | — | 0.37 | 0.48 | 0.55 | 0.53 | 0.28 | 0.24 |
| Interest coverage | 3.6 | 1.5 | 4.5 | 3.8 | 3.3 | 4.6 | 6.3 |
| Asset turnover | — | 0.68 | 0.78 | 0.81 | 0.89 | 0.68 | 0.74 |
| Return ratios | |||||||
| Return on assets % | — | 1.2% | 4.7% | 4.5% | 5.2% | 6.2% | 7.3% |
| Return on capital employed % | — | 3.8% | 9.6% | 11.4% | 13.4% | 14.6% | 14.3% |
| Return on equity % | — | 2.2% | 9% | 9.8% | 10.9% | 9.9% | 11% |
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.