Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 23.6% | 28.2% | 32.6% | 26.5% | 21.7% | 23.6% | 22.5% | 37.9% |
| EBITDA margin % | 8% | 9.5% | 9.9% | 8.6% | 6.5% | 7.5% | 7.8% | 12.7% |
| EBIT margin % | 5.9% | 6.5% | 7.6% | 6.4% | 4.3% | 5.5% | 6.4% | 10.5% |
| PAT margin % | 2.6% | 3.1% | 4.9% | 4.8% | 3.2% | 3.6% | 4.4% | 5.7% |
| Working capital | ||||||||
| Receivable days | 94 | — | 112 | 94 | 85 | 41 | 104 | 101 |
| Inventory days | 47 | — | 86 | 72 | 24 | 55 | 141 | 206 |
| Payable days | — | — | 135 | 178 | 75 | 78 | 181 | 251 |
| NWC days | — | — | 63 | -11 | 33 | 17 | 64 | 56 |
| Leverage | ||||||||
| Current ratio | — | — | 1.29 | 1.42 | 1.66 | 1.71 | 1.34 | 1.33 |
| Debt to EBITDA | 1.13 | — | 1.42 | 0.32 | 2.2 | 1.33 | 1.46 | 0.99 |
| Debt to equity | 0.29 | — | 0.35 | 0.06 | 0.3 | 0.24 | 0.25 | 0.23 |
| Interest coverage | 2.3 | 2 | 3.6 | 4.6 | 3.2 | 2.7 | 2.9 | 2.7 |
| Asset turnover | 1.39 | — | 1.16 | 1.15 | 1.21 | 1.35 | 0.9 | 0.76 |
| Return ratios | ||||||||
| Return on assets % | 3.6% | — | 5.6% | 5.6% | 3.9% | 4.8% | 3.9% | 4.3% |
| Return on capital employed % | — | — | 21.7% | 18.6% | 12.2% | 18% | 18.6% | 21.6% |
| Return on equity % | 8.2% | — | 12.1% | 10.8% | 6.7% | 8.6% | 9.7% | 10.2% |
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.