Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 22.1% | 23% | — | 36.9% | 38.8% | 40.3% |
| EBITDA margin % | — | — | 8.6% | 13.2% | 15.7% | 23.7% | 30.2% | 29.8% |
| EBIT margin % | — | — | 7.8% | 12.8% | 15.3% | 23.3% | 29.7% | 28.3% |
| PAT margin % | — | — | 5.4% | 10.7% | 11.9% | 17.3% | 22.4% | 23.7% |
| Working capital | ||||||||
| Receivable days | — | — | 156 | 167 | 266 | 179 | 163 | 191 |
| Inventory days | — | — | 66 | 68 | 54 | 120 | 73 | 106 |
| Payable days | — | — | 157 | 75 | — | 118 | 112 | 49 |
| NWC days | — | — | 65 | 160 | — | 182 | 124 | 248 |
| Leverage | ||||||||
| Current ratio | — | — | 1.58 | 2.01 | 1.93 | 3.35 | 2.81 | 2.93 |
| Debt to EBITDA | — | — | 1.95 | 1.24 | 1.21 | 0.53 | 0.2 | 0.66 |
| Debt to equity | — | — | 0.31 | 0.29 | 0.27 | 0.09 | 0.04 | 0.09 |
| Interest coverage | — | — | 2.5 | 8.6 | 5.2 | 7.4 | 17.8 | 13.2 |
| Asset turnover | — | — | 0.83 | 1 | 0.77 | 0.57 | 0.52 | 0.4 |
| Return ratios | ||||||||
| Return on assets % | — | — | 4.4% | 10.7% | 9.1% | 9.9% | 11.8% | 9.5% |
| Return on capital employed % | — | — | 18.1% | 35% | 29.1% | 26.9% | 25.8% | 18.3% |
| Return on equity % | — | — | 9.8% | 19.1% | 16.7% | 12.9% | 14.1% | 11.2% |
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.