Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 26.4% | 26.1% | 42.8% | 30.9% | ||||
| 18.9% |
| 25.3% |
| 21.8% |
| 27.3% |
| EBITDA margin % | 5.6% | 3.3% | 7.4% | 5.9% | 2.4% | 8% | 3.9% | 7.8% |
| EBIT margin % | 4.3% | 1.8% | 5.5% | 4.4% | 1.1% | 6.3% | 2.1% | 5.8% |
| PAT margin % | 2.8% | 0.2% | 4.2% | 3.3% | 0.9% | 4.6% | 1.5% | 4.2% |
| Working capital | ||||||||
| Receivable days | 9 | 9 | 9 | 9 | 6 | 5 | 8 | 6 |
| Inventory days | 59 | 58 | 97 | 75 | 55 | 63 | 58 | 61 |
| Payable days | 0 | 0 | 42 | 31 | 23 | 29 | 29 | 29 |
| NWC days | 68 | 67 | 65 | 53 | 37 | 40 | 37 | 38 |
| Leverage | ||||||||
| Current ratio | 0.81 | 0.69 | 0.73 | 0.76 | 0.74 | 0.69 | 0.67 | 0.7 |
| Debt to EBITDA | 2.46 | 6.71 | 2.48 | 2.56 | 6.36 | 1.81 | 4.36 | 1.78 |
| Debt to equity | 0.77 | 1.32 | 0.85 | 0.84 | 1.05 | 0.71 | 0.81 | 0.6 |
| Interest coverage | 6.8 | 2.3 | 10.6 | 7.6 | 2.4 | 8.1 | 2.6 | 7.1 |
| Asset turnover | 1.93 | 1.72 | 1.54 | 1.88 | 2.23 | 1.89 | 1.76 | 1.8 |
| Return ratios | ||||||||
| Return on assets % | 5.4% | 0.4% | 6.5% | 6.2% | 2% | 8.7% | 2.7% | 7.5% |
| Return on capital employed % | 19.2% | 8.2% | 18.7% | 18.7% | 7.8% | 25.6% | 9% | 20.6% |
| Return on equity % | 15.5% | 1.4% | 19.8% | 18.4% | 6.1% | 22.4% | 7.3% | 18% |
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.