Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 36.7% | 28% | 28.5% | 32.6% | 28.1% | 31.3% |
| EBITDA margin % | 7.1% | 8.6% | 9.6% | 0.5% | 5.6% | 7% | 2% | 5.5% |
| EBIT margin % | 5.2% | 6.6% | 7.6% | -2% | 3.8% | 4.9% | -0.5% | 2.9% |
| PAT margin % | 6.3% | 7.1% | 1.6% | 1.6% | 5.4% | 6.7% | 3.8% | 5.8% |
| Working capital | ||||||||
| Receivable days | — | — | 63 | 49 | 44 | 37 | 41 | 38 |
| Inventory days | — | — | 122 | 119 | 88 | 85 | 102 | 117 |
| Payable days | — | — | 0 | 0 | 48 | 43 | 48 | 64 |
| NWC days | — | — | 185 | 169 | 84 | 80 | 95 | 91 |
| Leverage | ||||||||
| Current ratio | — | — | 13.84 | 21.8 | 3.41 | 3.68 | 3.85 | 3.83 |
| Debt to EBITDA | — | — | 0 | 0 | 0.46 | 0.34 | 1.25 | 0 |
| Debt to equity | — | — | 0 | 0 | 0.03 | 0.03 | 0.02 | 0 |
| Interest coverage | 53.2 | 67.9 | 63.1 | 17.9 | 53.2 | 35.7 | 19.9 | 35.7 |
| Asset turnover | — | — | 0.76 | 0.71 | 0.97 | 0.96 | 0.83 | 0.77 |
| Return ratios | ||||||||
| Return on assets % | — | — | 1.2% | 1.1% | 5.3% | 6.4% | 3.1% | 4.4% |
| Return on capital employed % | — | — | 7.9% | 1.4% | 7.8% | 9.8% | 4.6% | 6.9% |
| Return on equity % | — | — | 1.4% | 1.3% | 6.3% | 7.4% | 3.7% | 5.3% |
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.