Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | 35.1% | 35.7% | — | — | — |
| EBITDA margin % | 14.6% | 21.8% | 20.5% | 24.3% | 19.7% | 18% |
| EBIT margin % | 13.5% | 19.9% | 18.3% | 22.6% | 18.6% | 16.7% |
| PAT margin % | 9.9% | 15.1% | 12.8% | 17% | 13.2% | 10.7% |
| Working capital | ||||||
| Receivable days | — | 93 | 94 | — | — | — |
| Inventory days | — | 136 | 261 | — | — | — |
| Payable days | — | 11 | 8 | — | — | — |
| NWC days | — | 218 | 347 | — | — | — |
| Leverage | ||||||
| Current ratio | — | 2.88 | 2.43 | — | — | — |
| Debt to EBITDA | — | 1.11 | 2.17 | — | — | — |
| Debt to equity | — | 0.25 | 0.39 | — | — | — |
| Interest coverage | 5.1 | 8.6 | 6 | 10.4 | 6.7 | 4.3 |
| Asset turnover | — | 0.76 | 0.6 | — | — | — |
| Return ratios | ||||||
| Return on assets % | — | 11.5% | 7.7% | — | — | — |
| Return on capital employed % | — | 18.1% | 15.2% | — | — | — |
| Return on equity % | — | 15.3% | 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.