Standalone figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | 36.5% | 37.7% | — | — |
| EBITDA margin % | 9.4% | 13.3% | 17.8% | 14.1% | 15.4% | 17.2% | 13.7% | 11.4% |
| EBIT margin % | 9.4% | 13.3% | 16.1% | 11.3% | 12.8% | 15.5% | 11.3% | 8.6% |
| PAT margin % | 4.9% | 7.7% | 10.2% | 9.7% | 9.1% | 12% | 13.3% | 8.4% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | 66 | 45 | 56 | 53 |
| Inventory days | — | — | — | — | 164 | 126 | 92 | 104 |
| Payable days | — | — | — | — | 23 | 16 | — | — |
| NWC days | — | — | — | — | 207 | 156 | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | 2.95 | 3.28 | 2.61 | 1.85 |
| Debt to EBITDA | — | — | — | — | 1.15 | 1.24 | 1.63 | 2.26 |
| Debt to equity | — | — | — | — | 0.28 | 0.39 | 0.24 | 0.27 |
| Interest coverage | 3.8 | 7.6 | 10.5 | 10.1 | 11.6 | 18 | 14 | 7.6 |
| Asset turnover | — | — | — | — | 1.12 | 1.23 | 0.79 | 0.75 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | — | 10.2% | 14.8% | 10.5% | 6.3% |
| Return on capital employed % | — | — | — | — | 19.6% | 29.7% | 16.7% | 12% |
| Return on equity % | — | — | — | — | 14.4% | 22.1% | 14.1% | 8.9% |
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.