Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 6.7% | 6.7% | 5.5% | 5% | 5.7% | 4.3% | 3.8% |
| EBITDA margin % | 2.4% | 1.9% | 1.9% | 2.3% | 2.2% | 1.8% | 1.6% |
| EBIT margin % | 1.9% | 1.4% | 1.7% | 2.2% | 2.1% | 1.7% | 1.5% |
| PAT margin % | 0.4% | — | 1.1% | 1% | 0.9% | 0.6% | 0.5% |
| Working capital | |||||||
| Receivable days | — | — | — | — | 25 | 28 | 21 |
| Inventory days | — | — | — | 24 | 29 | 30 | 36 |
| Payable days | — | — | — | — | 5 | 2 | 0 |
| NWC days | — | — | — | — | 48 | 57 | 57 |
| Leverage | |||||||
| Current ratio | — | — | — | — | 10.12 | 1.27 | 1.2 |
| Debt to EBITDA | — | — | — | 5.81 | 3.79 | 7.42 | 0.2 |
| Debt to equity | — | — | — | 2.89 | 1.34 | 2.6 | 0.08 |
| Interest coverage | 1.3 | 1.8 | 2.1 | 2.4 | 1.9 | 1.7 | 1.5 |
| Asset turnover | — | — | — | 5.12 | 5.82 | 5.04 | 4.77 |
| Return ratios | |||||||
| Return on assets % | — | — | — | 4.9% | 4.9% | 3% | 2.2% |
| Return on capital employed % | — | — | — | — | 16% | 25.6% | 48.9% |
| Return on equity % | — | — | — | 20.5% | 13.5% | 11.7% | 11.9% |
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.