Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 61.1% | 62.4% | 87.6% | 70.2% | 44.9% | 54.1% | 51% | 49.3% |
| EBITDA margin % | 2.7% | 1.4% | 3.3% | 3.4% | 4.8% | -0.7% | 2.6% | 5.4% |
| EBIT margin % | 1.6% | 0.5% | 2.5% | 2.6% | 3.6% | -2.2% | 1.4% | 3.6% |
| PAT margin % | 1.9% | 1.2% | 2.8% | 2.3% | 3.3% | -0.8% | 1.7% | 3.2% |
| Working capital | ||||||||
| Receivable days | 11 | 13 | 22 | 11 | 12 | 21 | 22 | 18 |
| Inventory days | 35 | 45 | 116 | 35 | 42 | 70 | 52 | 61 |
| Payable days | 18 | 17 | 75 | 19 | 12 | 26 | 15 | 20 |
| NWC days | 28 | 41 | 63 | 27 | 43 | 65 | 59 | 59 |
| Leverage | ||||||||
| Current ratio | 4.02 | 5.55 | 5.04 | 6.49 | 8.17 | 5.83 | 5.24 | 4.36 |
| Debt to EBITDA | — | — | 0.35 | 0.26 | 0.2 | — | 0.12 | 0.67 |
| Debt to equity | — | — | 0.04 | 0.04 | 0.03 | 0.02 | 0.01 | 0.1 |
| Interest coverage | 13.9 | 11.1 | 826.7 | 137.5 | 38.9 | -8.5 | 41 | 20.6 |
| Asset turnover | 3.76 | 4.23 | 3.18 | 3.86 | 2.49 | 2.17 | 2.14 | 2.18 |
| Return ratios | ||||||||
| Return on assets % | 7.2% | 5.3% | 8.8% | 9% | 8.1% | -1.8% | 3.5% | 7% |
| Return on capital employed % | 10.4% | 5% | 13.5% | 15.2% | 12.8% | -2.2% | 6.6% | 12.7% |
| Return on equity % | 8.9% | 6.1% | 10.4% | 10.6% | 9.2% | -2.1% | 4.2% | 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.