Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 71.5% | 37.8% | 32.7% | 33.1% | 39.5% | 40% | 39.3% | 38.7% |
| EBITDA margin % | 7% | 10.3% | 4% | 6.1% | 12.6% | 11.1% | 11.9% | 10.8% |
| EBIT margin % | 4.2% | 7.2% | -1% | 2.5% | 9.7% | 8.2% | 9.2% | 8% |
| PAT margin % | 1.5% | 4.8% | 0% | 2.3% | 7.7% | 6.8% | 7.3% | 6.9% |
| Working capital | ||||||||
| Receivable days | 42 | 40 | 0 | 35 | 29 | 37 | 35 | 34 |
| Inventory days | 246 | 122 | 0 | 99 | 98 | 110 | 102 | 108 |
| Payable days | — | — | 0 | 62 | 49 | 68 | 64 | 57 |
| NWC days | — | — | 0 | 73 | 78 | 80 | 73 | 85 |
| Leverage | ||||||||
| Current ratio | 1.68 | 1.85 | — | 2.14 | 2.56 | 2.41 | 2.57 | 2.84 |
| Debt to EBITDA | 2.25 | 1.03 | 0 | 0.14 | 0 | 0 | 0 | 0 |
| Debt to equity | 0.48 | 0.31 | 0 | 0.02 | 0 | 0 | 0 | 0 |
| Interest coverage | 2.9 | 5.3 | -0.4 | 15.9 | 79.3 | 22.9 | 30.8 | 24.5 |
| Asset turnover | 1.58 | 1.63 | 3.78 | 1.76 | 2.05 | 1.69 | 1.61 | 1.52 |
| Return ratios | ||||||||
| Return on assets % | 2.3% | 7.8% | 0.1% | 4% | 15.8% | 11.5% | 11.7% | 10.5% |
| Return on capital employed % | 12.1% | 18.3% | -0.9% | 10.7% | 30.6% | 23.3% | 22% | 18.8% |
| Return on equity % | 4.5% | 14.1% | 0.3% | 5.7% | 21.1% | 16.8% | 16.5% | 14% |
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.