Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 47.5% | 55% | 54.2% | 51.4% | 43.2% | 42.6% | 47.8% |
| EBITDA margin % | — | 10.5% | 19.6% | 27.6% | 18.4% | 6.3% | 7.8% | 11.3% |
| EBIT margin % | — | 5.4% | 14.3% | 24.2% | 15.4% | 2.5% | 4% | 7.4% |
| PAT margin % | 12.6% | 9.7% | 13.4% | 19.7% | 14.3% | 6.1% | 7.4% | 10.3% |
| Working capital | ||||||||
| Receivable days | 77 | 100 | 36 | 26 | 13 | 29 | 20 | 30 |
| Inventory days | — | 126 | 129 | 90 | 82 | 91 | 101 | 91 |
| Payable days | — | 4 | 63 | 60 | 42 | 42 | 40 | 41 |
| NWC days | — | 221 | 102 | 57 | 53 | 77 | 81 | 81 |
| Leverage | ||||||||
| Current ratio | 2.43 | 2.03 | 3.57 | 3.58 | 3.77 | 4.15 | 4.67 | 5.91 |
| Debt to EBITDA | — | 1.59 | 0 | 0 | 0 | 0 | 0.16 | 0 |
| Debt to equity | 0.04 | 0.16 | 0 | 0 | 0 | 0 | 0.01 | 0 |
| Interest coverage | -6.6 | 81.6 | 48.5 | 665.2 | 387.4 | 51.1 | 35.3 | 178.5 |
| Asset turnover | 0.78 | 0.62 | 0.62 | 0.81 | 0.88 | 0.75 | 0.73 | 0.69 |
| Return ratios | ||||||||
| Return on assets % | 9.8% | 6% | 8.3% | 16% | 12.6% | 4.6% | 5.4% | 7.1% |
| Return on capital employed % | -0.7% | 6.6% | 14% | 27.7% | 19.8% | 6.7% | 8.5% | 10.8% |
| Return on equity % | 14.8% | 9.6% | 11.5% | 21.6% | 16.3% | 5.9% | 6.9% | 8.9% |
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.