Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 90.2% | 91% | 90.3% | 89.5% | 91.2% | 88.7% | 87.1% | 84.4% |
| EBITDA margin % | 14.6% | 14.1% | 23.2% | 20.4% | 12.4% | 11.7% | 6.7% | 12.1% |
| EBIT margin % | 11.2% | 10.3% | 20.1% | 17.1% | 8.9% | 8.3% | 1.4% | 6.5% |
| PAT margin % | 7.1% | 10.2% | 15.2% | 11.1% | 6.3% | 4.7% | 1.4% | 4.5% |
| Working capital | ||||||||
| Receivable days | 9 | 31 | 12 | 11 | 13 | 25 | 40 | 28 |
| Inventory days | 374 | 488 | 341 | 349 | 601 | 408 | 541 | 382 |
| Payable days | — | — | 218 | 132 | 291 | 164 | 194 | 197 |
| NWC days | — | — | 135 | 227 | 323 | 268 | 386 | 213 |
| Leverage | ||||||||
| Current ratio | — | — | 2 | 1.8 | 1.58 | 1.46 | 1.17 | 0.83 |
| Debt to EBITDA | 0.54 | 1.12 | 0.59 | 1.03 | 2.73 | 5.54 | 20.18 | 9.82 |
| Debt to equity | 0.13 | 0.2 | 0.18 | 0.26 | 0.39 | 0.72 | 0.99 | 1 |
| Interest coverage | 10.7 | 9.9 | 21.9 | 14.3 | 6.3 | 6.6 | 1.8 | 1.8 |
| Asset turnover | 1.05 | 0.78 | 0.88 | 0.8 | 0.68 | 0.55 | 0.32 | 0.37 |
| Return ratios | ||||||||
| Return on assets % | 7.4% | 8% | 13.4% | 8.9% | 4.3% | 2.6% | 0.5% | 1.7% |
| Return on capital employed % | — | — | 24.2% | 20.5% | 9.6% | 7.9% | 1.9% | 3.6% |
| Return on equity % | 11.3% | 12.6% | 20.4% | 13.6% | 7.2% | 5.2% | 1% | 3.8% |
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.