Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 89.3% | 89.5% | 87% | 90% | 90.1% | 89.8% | 89.9% | 90.1% |
| EBITDA margin % | 14.6% | 12.9% | -27.7% | 10.5% | 28.2% | 24.6% | 24.8% | 26.6% |
| EBIT margin % | 6.4% | 3.3% | -52.5% | -1.5% | 22.5% | 18.5% | 17.2% | 19.6% |
| PAT margin % | 25.9% | -1.3% | -46.1% | -6.1% | 14.9% | 14.2% | 10.2% | 14.4% |
| Working capital | ||||||||
| Receivable days | 14 | 13 | 28 | 23 | 17 | 13 | 18 | 21 |
| Inventory days | 71 | 103 | 197 | 125 | 86 | 90 | 95 | 84 |
| Payable days | 392 | 441 | 756 | 460 | 315 | 274 | 293 | 269 |
| NWC days | -307 | -325 | -532 | -312 | -212 | -171 | -180 | -164 |
| Leverage | ||||||||
| Current ratio | 0.42 | 1.12 | 0.9 | 1.11 | 0.93 | 0.48 | 0.41 | 0.55 |
| Debt to EBITDA | 4.06 | 5.5 | — | 11.65 | 1.64 | 1.75 | 1.38 | 0.74 |
| Debt to equity | 0.61 | 0.65 | 0.92 | 1.04 | 0.57 | 0.44 | 0.34 | 0.2 |
| Interest coverage | 1.2 | 0.9 | -2.4 | 0.2 | 5.1 | 5.3 | 4.8 | 7.7 |
| Asset turnover | 0.53 | 0.47 | 0.2 | 0.36 | 0.64 | 0.59 | 0.62 | 0.7 |
| Return ratios | ||||||||
| Return on assets % | 13.6% | -0.6% | -9.2% | -2.2% | 9.6% | 8.4% | 6.3% | 10.1% |
| Return on capital employed % | 7.5% | 4.9% | -10.4% | 0.7% | 20.2% | 17.3% | 15.4% | 19.2% |
| Return on equity % | 26.5% | -1.2% | -20.4% | -5.2% | 18.2% | 14.3% | 10.2% | 14.7% |
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.