Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 24.7% | 23.7% | 23.5% | 24.7% | 25.2% | 28% |
| EBITDA margin % | 7.3% | 2.4% | 3% | 5.3% | 6.8% | 6% | 6.9% | 7.3% |
| EBIT margin % | 5.1% | 0.2% | 0.5% | 3.5% | 5.5% | 4.7% | 5.5% | 5.8% |
| PAT margin % | 2.5% | -2.1% | -1.1% | 2.7% | 3% | 1.7% | 2.5% | 3.3% |
| Working capital | ||||||||
| Receivable days | — | — | 84 | 71 | 73 | 79 | 88 | 50 |
| Inventory days | — | — | 157 | 135 | 94 | 75 | 51 | 65 |
| Payable days | — | — | 54 | 51 | 71 | 25 | 29 | 26 |
| NWC days | — | — | 187 | 156 | 96 | 129 | 110 | 89 |
| Leverage | ||||||||
| Current ratio | — | — | 1.92 | 1.69 | 1.66 | 1.51 | 1.55 | 1.93 |
| Debt to EBITDA | — | — | 7.21 | 4.2 | 2.27 | 4.66 | 3.59 | 2.52 |
| Debt to equity | — | — | 0.51 | 0.65 | 0.57 | 1.07 | 1.12 | 0.6 |
| Interest coverage | 2.6 | 0.1 | 0.3 | 2.6 | 3.7 | 2.5 | 2.7 | 3.3 |
| Asset turnover | — | — | 1.22 | 1.38 | 1.64 | 1.57 | 1.73 | 1.67 |
| Return ratios | ||||||||
| Return on assets % | — | — | -1.3% | 3.7% | 5% | 2.7% | 4.3% | 5.6% |
| Return on capital employed % | — | — | 1.3% | 10.1% | 18.2% | 14.6% | 19.2% | 19.3% |
| Return on equity % | — | — | -2.6% | 7.8% | 11.2% | 6.6% | 11.1% | 10.8% |
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.