Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 44.7% | 41.7% | 40.7% | 34.9% | 38.2% | 39% |
| EBITDA margin % | 17.2% | 15.2% | 14.2% | 0.6% | 9% | 10.9% |
| EBIT margin % | 14.1% | 12.8% | 11.6% | -4.8% | 4.7% | 6.8% |
| PAT margin % | 11.4% | 12.4% | 9.8% | -3.7% | 3.3% | 6% |
| Working capital | ||||||
| Receivable days | 91 | 79 | 77 | 103 | 96 | 114 |
| Inventory days | 152 | 158 | 149 | 175 | 164 | 144 |
| Payable days | 138 | 144 | 106 | 174 | 148 | 143 |
| NWC days | 105 | 93 | 120 | 104 | 112 | 114 |
| Leverage | ||||||
| Current ratio | 1.61 | 1.41 | 1.44 | 1.12 | 1.13 | 1.12 |
| Debt to EBITDA | 0.94 | 1.3 | 1.9 | 63.39 | 3.19 | 2.33 |
| Debt to equity | 0.22 | 0.34 | 0.42 | 0.38 | 0.35 | 0.3 |
| Interest coverage | 22.8 | 44.6 | 6.1 | -0.7 | 2.6 | 3.2 |
| Asset turnover | 0.83 | 0.91 | 0.85 | 0.55 | 0.7 | 0.7 |
| Return ratios | ||||||
| Return on assets % | 9.4% | 11.3% | 8.3% | -2% | 2.3% | 4.2% |
| Return on capital employed % | 18.7% | 26.9% | 20.9% | -1.6% | 7.6% | 12.8% |
| Return on equity % | 15.8% | 21.4% | 15.1% | -3.6% | 4.1% | 7.1% |
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.