Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 33.8% | 32.4% | 25.2% | 30.2% | 29.9% | 29.7% |
| EBITDA margin % | 9.5% | 8% | 13.2% | 13.5% | 4.2% | 8.8% | 7.4% | 9.9% |
| EBIT margin % | 7.6% | 5.8% | 11% | 12.1% | 2.8% | 7.2% | 5.7% | 8.5% |
| PAT margin % | 5.1% | 3.5% | 8.5% | 9.5% | 11.9% | 9.4% | 4.1% | 5.8% |
| Working capital | ||||||||
| Receivable days | — | 63 | 77 | 48 | 55 | 58 | 66 | 88 |
| Inventory days | — | 60 | 89 | 78 | 68 | 61 | 72 | 78 |
| Payable days | — | 56 | 87 | 61 | 51 | 34 | 54 | 87 |
| NWC days | — | 67 | 79 | 65 | 72 | 85 | 84 | 80 |
| Leverage | ||||||||
| Current ratio | — | 2.16 | 2.3 | 2.54 | 1.99 | 2.27 | 1.68 | 1.46 |
| Debt to EBITDA | — | 0.34 | 0.21 | 0.16 | 1.19 | 0.85 | 1.65 | 1.86 |
| Debt to equity | — | 0.06 | 0.05 | 0.05 | 0.18 | 0.23 | 0.35 | 0.55 |
| Interest coverage | 5.3 | 3.6 | 26.6 | 53.5 | 5.9 | 11.9 | 7 | 11.6 |
| Asset turnover | — | 1.45 | 1.26 | 1.6 | 2.15 | 2.01 | 1.68 | 1.41 |
| Return ratios | ||||||||
| Return on assets % | — | 5.1% | 10.7% | 15.1% | 25.7% | 18.9% | 6.8% | 8.1% |
| Return on capital employed % | — | 13.6% | 23.7% | 33.2% | 6.6% | 22.8% | 16.9% | 23.6% |
| Return on equity % | — | 7.8% | 16.3% | 22.5% | 42.1% | 28.7% | 11.8% | 17.2% |
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.