Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 73.1% | 64.7% | 57.1% | 62.2% | 58.2% | 59.7% | 63.3% | 60.5% |
| EBITDA margin % | 14.7% | 13.3% | 14.3% | 16.9% | 12.7% | 14.1% | 15.4% | 14.1% |
| EBIT margin % | 7.9% | 7.8% | 8.7% | 13.3% | 9.5% | 8.4% | 8% | 6.9% |
| PAT margin % | 6.9% | 7% | 7.7% | 10.3% | 9.8% | 7% | 6.7% | 6.3% |
| Working capital | ||||||||
| Receivable days | 85 | — | 37 | 29 | 31 | 35 | 33 | 33 |
| Inventory days | 646 | — | 210 | 222 | 195 | 243 | 299 | 280 |
| Payable days | — | — | 62 | 63 | 48 | 85 | 71 | 56 |
| NWC days | — | — | 185 | 188 | 178 | 193 | 261 | 257 |
| Leverage | ||||||||
| Current ratio | 9.12 | — | 3.75 | 3.38 | 2.01 | 1.18 | 1.96 | 2.27 |
| Debt to EBITDA | 1.09 | — | 0 | 0 | 0.72 | 1.16 | 0.46 | 0.6 |
| Debt to equity | 0.09 | — | 0 | 0 | 0.1 | 0.27 | 0.1 | 0.11 |
| Interest coverage | 4.4 | 11.8 | 35.3 | 152.7 | 57.7 | 11 | 9.1 | 17.2 |
| Asset turnover | 0.44 | — | 0.64 | 0.81 | 0.82 | 0.87 | 0.98 | 0.97 |
| Return ratios | ||||||||
| Return on assets % | 3% | — | 4.9% | 8.4% | 8% | 6.1% | 6.6% | 6.1% |
| Return on capital employed % | 5.5% | — | 8.6% | 16.4% | 13.2% | 11.8% | 14.7% | 12.1% |
| Return on equity % | 3.8% | — | 5.8% | 10.1% | 10.8% | 11.4% | 9.2% | 8.5% |
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.