Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 72.4% | 70.5% | 67.8% | 78.3% | 79.2% | 98.5% |
| EBITDA margin % | 10.3% | 10.9% | 11.3% | 7.6% | 9.4% | 13.2% | 13.9% | 13.3% |
| EBIT margin % | 5.4% | 5.2% | 5.5% | 4.2% | 7% | 6.9% | 6.3% | 6.7% |
| PAT margin % | 5.5% | 4.6% | 5.6% | 5.1% | 6.2% | 6.3% | 3.4% | 4% |
| Working capital | ||||||||
| Receivable days | — | — | 94 | 91 | 68 | 78 | 63 | — |
| Inventory days | — | — | 203 | 178 | 75 | 238 | 335 | — |
| Payable days | — | — | 118 | 122 | 96 | 221 | 223 | — |
| NWC days | — | — | 180 | 147 | 46 | 95 | 175 | — |
| Leverage | ||||||||
| Current ratio | — | — | 3.46 | 2.89 | 1.87 | 0.96 | 1.08 | — |
| Debt to EBITDA | — | — | 0.17 | 0.45 | 1.43 | 3.06 | 2.4 | — |
| Debt to equity | — | — | 0.02 | 0.04 | 0.23 | 0.59 | 0.59 | — |
| Interest coverage | 72.1 | 28.5 | 33.5 | 25.5 | 22.1 | 3.8 | 2.1 | 3 |
| Asset turnover | — | — | 0.87 | 0.97 | 1.14 | 0.66 | 0.78 | — |
| Return ratios | ||||||||
| Return on assets % | — | — | 4.9% | 4.9% | 7% | 4.1% | 2.7% | — |
| Return on capital employed % | — | — | 8.6% | 8% | 13.5% | 13.6% | 9.9% | — |
| Return on equity % | — | — | 6.2% | 6.3% | 10.5% | 9.2% | 6.1% | — |
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.