Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 41% | 45% | 47.5% | 42.7% | 40.2% | 44.3% | 46.5% | 45% |
| EBITDA margin % | 7.2% | 9.2% | 9.6% | 10.8% | 6.5% | 7.4% | 7.9% | 6.8% |
| EBIT margin % | 3.4% | 4.8% | 5.1% | 7.5% | 2.7% | 3.2% | 3.8% | 2.3% |
| PAT margin % | 0.6% | 1.7% | 1.5% | 3.4% | 0.5% | 0.2% | 0.8% | 0.5% |
| Working capital | ||||||||
| Receivable days | — | — | 39 | 27 | 26 | 33 | 32 | 36 |
| Inventory days | — | — | 116 | 80 | 83 | 104 | 115 | 115 |
| Payable days | — | — | 158 | 78 | 81 | 115 | 103 | 125 |
| NWC days | — | — | -4 | 30 | 29 | 22 | 44 | 27 |
| Leverage | ||||||||
| Current ratio | — | — | 1.14 | 1.21 | 1.22 | 1.05 | 1.3 | 1.15 |
| Debt to EBITDA | — | — | 2.41 | 1.69 | 2.81 | 3.03 | 1.57 | 1.92 |
| Debt to equity | — | — | 0.62 | 0.67 | 0.64 | 0.72 | 0.32 | 0.3 |
| Interest coverage | 1.2 | 1.4 | 1.5 | 3.2 | 1.3 | 1.2 | 1.5 | 1.3 |
| Asset turnover | — | — | 1.13 | 1.61 | 1.58 | 1.33 | 1.44 | 1.27 |
| Return ratios | ||||||||
| Return on assets % | — | — | 1.7% | 5.5% | 0.8% | 0.2% | 1.1% | 0.6% |
| Return on capital employed % | — | — | 9.8% | 20.9% | 8% | 8.7% | 10.3% | 6.4% |
| Return on equity % | — | — | 3.9% | 12.4% | 1.7% | 0.5% | 2% | 1.1% |
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.