Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 56.4% | 58.4% | 60.6% | 53.5% | 50.6% | 56.1% | 54% | 54.4% |
| EBITDA margin % | 13.4% | 14.4% | 15.4% | 3.5% | 1.2% | 12.4% | 7.8% | 9.6% |
| EBIT margin % | 8.3% | 9.5% | 10.3% | -2.7% | -4.7% | 6.7% | 2.1% | 3.8% |
| PAT margin % | 17.1% | 22.2% | 13.8% | 5% | 142.9% | 5.6% | 27.2% | 1.6% |
| Working capital | ||||||||
| Receivable days | — | — | — | 147 | 121 | 180 | 135 | 156 |
| Inventory days | — | — | — | 245 | 208 | 260 | 296 | 299 |
| Payable days | — | — | — | 172 | 180 | 175 | 288 | 201 |
| NWC days | — | — | — | 220 | 148 | 265 | 143 | 254 |
| Leverage | ||||||||
| Current ratio | — | — | — | 4.07 | 3.68 | 3.99 | 1.25 | 1.16 |
| Debt to EBITDA | — | — | — | 1.24 | 55.22 | 7.77 | 16.33 | 5.09 |
| Debt to equity | — | — | — | 0.01 | 0.12 | 0.19 | 0.25 | 0.04 |
| Interest coverage | 136.9 | 324.8 | 898 | 350.2 | 2.6 | 1.7 | 1.2 | 2.9 |
| Asset turnover | — | — | — | 0.2 | 0.15 | 0.15 | 0.14 | 0.08 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 1% | 21.9% | 0.9% | 3.9% | 0.1% |
| Return on capital employed % | — | — | — | 1.7% | 1.7% | 2.6% | 2.2% | 2% |
| Return on equity % | — | — | — | 1.1% | 26.1% | 1.1% | 5.3% | 0.1% |
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.