Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 40.5% | 40.3% | 38.7% | 36.1% | ||||
| 35.7% |
| 36.2% |
| 38.2% |
| 37.9% |
| EBITDA margin % | 10.2% | 1.5% | 4.1% | 7.5% | 8.9% | 9.4% | 4.8% | 6.4% |
| EBIT margin % | 8.3% | -1.7% | 1% | 5.6% | 7.3% | 7.4% | 1.1% | 2.6% |
| PAT margin % | 7.2% | 2.9% | 2.8% | 5.9% | 7.7% | 8.1% | 8.2% | 5% |
| Working capital | ||||||||
| Receivable days | 28 | — | 40 | 38 | 25 | 14 | 24 | 33 |
| Inventory days | 72 | — | 114 | 92 | 81 | 69 | 107 | 102 |
| Payable days | — | — | 153 | 106 | 91 | 70 | 111 | 118 |
| NWC days | — | — | 1 | 25 | 14 | 14 | 21 | 17 |
| Leverage | ||||||||
| Current ratio | 1.78 | — | 2 | 1.51 | 1.59 | 2.09 | 2.6 | 2.21 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 327.9 | 159.3 | 1,204.9 | 2,824.4 | — | — | — | — |
| Asset turnover | 1.09 | — | 0.62 | 0.85 | 1.12 | 1.15 | 0.71 | 0.72 |
| Return ratios | ||||||||
| Return on assets % | 7.8% | — | 1.7% | 5% | 8.6% | 9.3% | 5.8% | 3.6% |
| Return on capital employed % | 18.3% | — | 5% | 11.6% | 19% | 17.1% | 5.2% | 7% |
| Return on equity % | 11.2% | — | 2.7% | 9.1% | 15.2% | 13.9% | 8.3% | 5.2% |
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.