Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 11.1% | 10.4% | 19.7% | 18.2% | 19.9% | 20.7% | 19.3% |
| EBITDA margin % | 6.7% | 6.4% | 5% | 4.4% | 5.1% | 6.8% | 6.1% |
| EBIT margin % | 5.2% | 4.4% | 3.8% | 3.4% | 3.9% | 5.2% | 4.6% |
| PAT margin % | 1.9% | 1.4% | 1.7% | 1.2% | 1.3% | 1.9% | 1.5% |
| Working capital | |||||||
| Receivable days | — | — | — | 45 | 51 | 58 | 62 |
| Inventory days | — | — | — | 42 | 59 | 71 | 71 |
| Payable days | — | — | — | 0 | 38 | 54 | 48 |
| NWC days | — | — | — | 87 | 71 | 75 | 85 |
| Leverage | |||||||
| Current ratio | — | — | — | 1.47 | 1.37 | 1.37 | 1.22 |
| Debt to EBITDA | — | — | — | 3.78 | 4.55 | 3.89 | 4 |
| Debt to equity | — | — | — | 1.15 | 1.33 | 1.26 | 1.21 |
| Interest coverage | 1.9 | 1.7 | 2.3 | 1.8 | 1.6 | 1.8 | 1.7 |
| Asset turnover | — | — | — | 2.41 | 1.93 | 1.62 | 1.71 |
| Return ratios | |||||||
| Return on assets % | — | — | — | 2.9% | 2.4% | 3% | 2.6% |
| Return on capital employed % | — | — | — | 15.2% | 16.5% | 18.8% | 19.6% |
| Return on equity % | — | — | — | 8.2% | 7.2% | 8.9% | 7.6% |
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.