Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 60% | 31.4% | 37.5% | 38.3% | 26.9% | 23.6% | 29.8% | 33.5% |
| EBITDA margin % | 5.1% | 15.2% | 21.6% | 24.4% | 11.3% | 3.6% | 11.4% | 15.2% |
| EBIT margin % | 4.3% | 14.4% | 21% | 23.1% | 6.8% | -1.9% | 6.6% | 10.6% |
| PAT margin % | 3.4% | 11.9% | 17% | 17.9% | 4.4% | -1.4% | 5.5% | 9.7% |
| Working capital | ||||||||
| Receivable days | 29 | — | 14 | 21 | 13 | 15 | 17 | 12 |
| Inventory days | 59 | — | 40 | 75 | 34 | 35 | 39 | 55 |
| Payable days | — | — | 118 | 11 | 8 | 9 | 9 | 11 |
| NWC days | — | — | -65 | 86 | 40 | 42 | 47 | 56 |
| Leverage | ||||||||
| Current ratio | 4.3 | — | 0.99 | 2.45 | 2.17 | 2.3 | 3.19 | 2.04 |
| Debt to EBITDA | 0 | — | 0.89 | 1.45 | 2 | 5.9 | 1.25 | 0.74 |
| Debt to equity | 0 | — | 0.21 | 0.27 | 0.34 | 0.26 | 0.2 | 0.15 |
| Interest coverage | 14.9 | 160.1 | 202.6 | 40.6 | 4.5 | 0 | 6.1 | 12.7 |
| Asset turnover | 1.29 | — | 0.74 | 0.57 | 1.06 | 0.93 | 1.06 | 1.04 |
| Return ratios | ||||||||
| Return on assets % | 4.4% | — | 12.6% | 10.2% | 4.7% | -1.3% | 5.8% | 10.1% |
| Return on capital employed % | 7.1% | — | 21.2% | 21% | 7.8% | 0.1% | 10.6% | 16.6% |
| Return on equity % | 4.7% | — | 18.3% | 13.9% | 6.7% | -1.7% | 7.6% | 12.6% |
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.