Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 18.4% | 17.8% | 14.8% | 15.6% | 16.5% | — |
| EBITDA margin % | 4% | 4.1% | 3.8% | 5.9% | 2.7% | 2.9% | 2.6% | — |
| EBIT margin % | 3.4% | 3.3% | 2.5% | 5% | 1.9% | 2.4% | 1.9% | — |
| PAT margin % | 1.4% | 1.5% | 1.5% | 3.1% | 0.7% | 0.9% | 1.1% | — |
| Working capital | ||||||||
| Receivable days | — | — | 75 | 71 | 78 | 52 | 56 | — |
| Inventory days | — | — | 60 | 64 | 55 | 47 | 39 | — |
| Payable days | — | — | 16 | 15 | 6 | 4 | 0 | — |
| NWC days | — | — | 119 | 120 | 128 | 95 | 95 | — |
| Leverage | ||||||||
| Current ratio | — | — | 1.77 | 1.79 | 2.1 | 4.4 | 12.72 | 2.89 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | — |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 1.9 | 2.4 | 2 | 3.9 | 1.9 | 1.7 | 5.1 | -38.5 |
| Asset turnover | — | — | 2.3 | 2.46 | 2.44 | 3.33 | 3.01 | 0 |
| Return ratios | ||||||||
| Return on assets % | — | — | 3.4% | 7.7% | 1.6% | 2.8% | 3.4% | 0.2% |
| Return on capital employed % | — | — | 16.8% | 27.1% | 8% | 11.4% | 6.4% | -0.1% |
| Return on equity % | — | — | 8.1% | 16.3% | 2.9% | 3.7% | 3.8% | 0.2% |
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.