Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 16.3% | 18.2% | 17.7% | 17.8% | 16.5% |
| EBITDA margin % | 5.4% | 5.2% | 4.6% | 5.4% | 4.1% | 5.1% | 4.5% | 5.3% |
| EBIT margin % | 4.1% | 3.9% | 3% | 3% | 2% | 3.7% | 3% | 3.7% |
| PAT margin % | 1.7% | 1.9% | 1.5% | 0.7% | 1.1% | 2.1% | 1.6% | 1% |
| Working capital | ||||||||
| Receivable days | — | — | — | 53 | 66 | 25 | 64 | 67 |
| Inventory days | — | — | — | 39 | 28 | 61 | 33 | 33 |
| Payable days | — | — | — | 33 | 22 | 38 | 52 | 50 |
| NWC days | — | — | — | 59 | 72 | 48 | 45 | 49 |
| Leverage | ||||||||
| Current ratio | — | — | — | 1.24 | 1.37 | 1.29 | 1.24 | 1.19 |
| Debt to EBITDA | — | — | — | 3.67 | 5.57 | 5.04 | 5.82 | 4.78 |
| Debt to equity | — | — | — | 0.61 | 0.59 | 0.9 | 0.66 | 0.64 |
| Interest coverage | 1.9 | 2.7 | 2 | 1.4 | 1.3 | 2.1 | 1.7 | 1.7 |
| Asset turnover | — | — | — | 1.19 | 1.04 | 1.42 | 1.18 | 1.19 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 0.8% | 1.1% | 3% | 1.9% | 1.2% |
| Return on capital employed % | — | — | — | 5.2% | 4.3% | 9% | 9% | 7% |
| Return on equity % | — | — | — | 2% | 2.8% | 7.3% | 4.1% | 2.6% |
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.