Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 12.3% | 14.3% | 23.8% | 21.3% | 12.4% | 15.1% | 13.3% | 18.7% |
| EBITDA margin % | 3.4% | 3% | 7.2% | 7.7% | 2.7% | 5.1% | 2.1% | 6.9% |
| EBIT margin % | 2.6% | 1.7% | 5.7% | 6.6% | 1.8% | 4.4% | 1.2% | 6% |
| PAT margin % | 1.5% | 1.8% | 5.1% | 5.9% | 2% | 4.8% | 2% | 3.6% |
| Working capital | ||||||||
| Receivable days | 43 | 32 | 16 | 14 | 9 | 15 | 24 | 22 |
| Inventory days | 45 | 76 | 98 | 75 | 60 | 92 | 96 | 63 |
| Payable days | 50 | 43 | 12 | 8 | 8 | 6 | 14 | 21 |
| NWC days | 38 | 64 | 102 | 81 | 61 | 101 | 105 | 64 |
| Leverage | ||||||||
| Current ratio | 2.24 | 1.87 | 1.42 | 6.17 | 3.44 | 1.59 | 1.53 | 1.52 |
| Debt to EBITDA | 0 | 2.81 | 2.27 | 0.19 | 2.66 | 5.64 | 16.91 | 2.06 |
| Debt to equity | 0 | 0.21 | 0.29 | 0.03 | 0.16 | 0.59 | 0.67 | 0.44 |
| Interest coverage | 7 | 7.2 | 24.6 | 51.1 | 7.7 | 6 | 2.5 | 4.3 |
| Asset turnover | 2.45 | 1.65 | 1.27 | 1.74 | 1.8 | 1.16 | 1.07 | 1.77 |
| Return ratios | ||||||||
| Return on assets % | 3.7% | 2.9% | 6.5% | 10.2% | 3.5% | 5.5% | 2.1% | 6.4% |
| Return on capital employed % | 10.1% | 5.9% | 13.3% | 17% | 6.9% | 14.3% | 6.6% | 20.2% |
| Return on equity % | 5.5% | 4.5% | 9% | 11.5% | 4.5% | 9.8% | 3.8% | 11.3% |
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.