Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 27.7% | 59.9% | 46% | 45.8% | 46.6% | 42.9% |
| EBITDA margin % | 7% | 11.9% | 17.9% | 9.2% | 14.8% | 17.8% | 14.3% | 19.2% |
| EBIT margin % | 2.2% | 8.6% | 17.1% | 5.9% | 13.2% | 16.4% | 12.9% | 17.9% |
| PAT margin % | 2.5% | 1.6% | 11.9% | 11.2% | 12.1% | 14.8% | 15.2% | 18.2% |
| Working capital | ||||||||
| Receivable days | — | — | 94 | 385 | 149 | 172 | 44 | 75 |
| Inventory days | — | — | 29 | 391 | 73 | 112 | 143 | 68 |
| Payable days | — | — | 61 | 388 | 56 | 73 | 86 | 42 |
| NWC days | — | — | 63 | 388 | 166 | 211 | 101 | 101 |
| Leverage | ||||||||
| Current ratio | — | — | 1.42 | 1.53 | 2.2 | 1.78 | 2.72 | 3.29 |
| Debt to EBITDA | — | — | 0.25 | 2.04 | 1.32 | 0.9 | 0.87 | 0.22 |
| Debt to equity | — | — | 0.1 | 0.09 | 0.19 | 0.18 | 0.1 | 0.04 |
| Interest coverage | 2.5 | 1.8 | 6.6 | 4.7 | 8.7 | 9.6 | 12.9 | 24.7 |
| Asset turnover | — | — | 0.82 | 0.21 | 0.58 | 0.58 | 0.49 | 0.61 |
| Return ratios | ||||||||
| Return on assets % | — | — | 9.7% | 2.3% | 7% | 8.6% | 7.4% | 11.1% |
| Return on capital employed % | — | — | 39.5% | 9.1% | 17.8% | 26.1% | 16.4% | 20.7% |
| Return on equity % | — | — | 26.1% | 5.5% | 11.7% | 16.2% | 12.6% | 17% |
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.