Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 36.4% | 37.1% | 34.8% | 46.4% | 47.1% | 43.2% |
| EBITDA margin % | 16.6% | 17.1% | 20.9% | 15.7% | 3.2% | 13.4% | 20.5% | 20.4% |
| EBIT margin % | 13.7% | 12.3% | 16.1% | 13.4% | -0.4% | 8.7% | 15.7% | 15.3% |
| PAT margin % | 3.8% | 10.4% | 13.4% | 11.9% | -0.5% | 8.5% | 14.8% | 11.8% |
| Working capital | ||||||||
| Receivable days | — | — | 77 | 91 | 45 | 53 | 60 | 29 |
| Inventory days | — | — | 121 | 152 | 202 | 178 | 165 | 173 |
| Payable days | — | — | 36 | 38 | 70 | 21 | 29 | 33 |
| NWC days | — | — | 162 | 205 | 177 | 210 | 196 | 168 |
| Leverage | ||||||||
| Current ratio | — | — | 8.51 | 9.99 | 5.7 | 5.26 | 3.84 | 8.66 |
| Debt to EBITDA | — | — | 0 | 0 | 3.02 | 0.6 | 0.41 | 0.7 |
| Debt to equity | — | — | 0 | 0 | 0.04 | 0.04 | 0.05 | 0.06 |
| Interest coverage | — | 9.9 | — | — | 1.7 | 8.2 | 24.9 | 13.8 |
| Asset turnover | — | — | 0.65 | 0.59 | 0.39 | 0.5 | 0.53 | 0.41 |
| Return ratios | ||||||||
| Return on assets % | — | — | 8.7% | 7.1% | -0.2% | 4.2% | 7.8% | 4.9% |
| Return on capital employed % | — | — | 11.7% | 8.8% | 0.6% | 5.2% | 10.5% | 7.7% |
| Return on equity % | — | — | 9.1% | 7.3% | -0.2% | 4.5% | 8.5% | 5.4% |
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.