Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 21.1% | 26.1% | 31.4% | 28.1% | 24.9% | 27.4% | 30.1% | 33% |
| EBITDA margin % | 4.3% | 4.6% | 8% | 6.9% | 8.2% | 8.1% | 10.1% | 13.2% |
| EBIT margin % | 3.7% | 3.7% | 6.6% | 5.8% | 7.5% | 7.4% | 9.4% | 12.4% |
| PAT margin % | 1.8% | 0.2% | 2.4% | 3.1% | 5.6% | 6.9% | 8.1% | 10.3% |
| Working capital | ||||||||
| Receivable days | 66 | 80 | 117 | 86 | 41 | 27 | 22 | 25 |
| Inventory days | 22 | 40 | 57 | 47 | 10 | 8 | 12 | 6 |
| Payable days | — | — | 84 | 55 | 13 | 17 | 19 | 13 |
| NWC days | — | — | 90 | 78 | 38 | 19 | 15 | 18 |
| Leverage | ||||||||
| Current ratio | 1.49 | 1.39 | 1.52 | 1.76 | 4.86 | 6.1 | 7.11 | 9.97 |
| Debt to EBITDA | 1.64 | 2.66 | 1.88 | 1.5 | 0 | 0 | 0 | 0 |
| Debt to equity | 0.49 | 0.65 | 0.48 | 0.4 | 0 | 0 | 0 | 0 |
| Interest coverage | 4 | 3.1 | 3.3 | 5 | 30 | 114.4 | 383.9 | 138 |
| Asset turnover | 2.97 | 2.07 | 1.45 | 1.9 | 3.51 | 2.55 | 2.03 | 1.7 |
| Return ratios | ||||||||
| Return on assets % | 5.4% | 0.4% | 3.5% | 5.9% | 19.7% | 17.6% | 16.5% | 17.4% |
| Return on capital employed % | 27.3% | 18% | 21% | 21.6% | 26.2% | 31.5% | 27.9% | 28.5% |
| Return on equity % | 12.4% | 1% | 7.7% | 12.1% | 24.6% | 21.1% | 19.2% | 19.8% |
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.