Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 21.6% | 21.9% | 35.3% | 25.4% | ||||
Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 21.6% | 21.9% | 35.3% | 25.4% | ||||
| 18.8% |
| 25.8% |
| 23% |
| 27.5% |
| EBITDA margin % | 3.5% | 2% | 5.7% | 3.7% | 2.1% | 8.7% | 5.1% | 7.9% |
| EBIT margin % | 2.6% | 0.9% | 4.4% | 2.6% | 0.9% | 7.4% | 3.6% | 6.4% |
| PAT margin % | 2.1% | 0.8% | 6.3% | 2% | 0.4% | 5.3% | 2.7% | 4.5% |
| Working capital | ||||||||
| Receivable days | 7 | 1 | 9 | 8 | 5 | 6 | 7 | 3 |
| Inventory days | 30 | 1 | 50 | 48 | 32 | 42 | 43 | 51 |
| Payable days | — | 0 | 30 | 34 | 20 | 27 | 29 | 41 |
| NWC days | — | 2 | 29 | 22 | 16 | 20 | 21 | 14 |
| Leverage | ||||||||
| Current ratio | 0.97 | 0.93 | 0.92 | 0.8 | 0.77 | 0.88 | 0.82 | 0.89 |
| Debt to EBITDA | 2.27 | 0.04 | 1.99 | 2.61 | 3.27 | 0.43 | 0.91 | 0.25 |
| Debt to equity | 0.74 | 0.49 | 0.63 | 0.82 | 0.69 | 0.25 | 0.29 | 0.11 |
| Interest coverage | 8.9 | 2.7 | 13.2 | 7.4 | 2.1 | 16.1 | 11.3 | 22.7 |
| Asset turnover | 2.92 | 2.33 | 2.15 | 2.64 | 3.32 | 2.93 | 2.66 | 2.52 |
| Return ratios | ||||||||
| Return on assets % | 6.2% | 1.9% | 13.5% | 5.4% | 1.2% | 15.4% | 7.1% | 11.3% |
| Return on capital employed % | 19% | 7.7% | 20.5% | 16% | 7.7% | 42% | 21.1% | 34.4% |
| Return on equity % | 19.4% | 492.7% | 34.9% | 17% | 3.6% | 35.7% | 16.4% | 24.5% |
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.