Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 30.2% | 97.8% | 25.2% | -1.6% | 19.1% | 22.9% | 24.7% | 25.4% |
| EBITDA margin % | 9.3% | 8.9% | 7.1% | -21.2% | 5.4% | 6.4% | 7.5% | 7% |
| EBIT margin % | 7.2% | 6.7% | 4.3% | -23.7% | 3.5% | 4.6% | 5.7% | 5.4% |
| PAT margin % | 4.9% | 3.8% | 1% | -26.1% | 2.4% | 3% | 3.7% | 4% |
| Working capital | ||||||||
| Receivable days | — | 46 | — | 22 | 20 | 28 | 27 | 23 |
| Inventory days | — | 4,347 | — | 83 | 88 | 92 | 81 | 93 |
| Payable days | — | 1,952 | — | 37 | 21 | 29 | 32 | 31 |
| NWC days | — | 2,441 | — | 68 | 88 | 91 | 76 | 85 |
| Leverage | ||||||||
| Current ratio | — | 1.68 | — | 1.7 | 2.01 | 2.01 | 2.07 | 1.88 |
| Debt to EBITDA | — | 1.72 | — | — | 3.43 | 2.71 | 2.19 | 1.86 |
| Debt to equity | — | 0.4 | — | 0.86 | 0.64 | 0.58 | 0.53 | 0.38 |
| Interest coverage | 4.9 | 4.3 | 1.8 | -10 | 2.3 | 2.2 | 2.6 | 3.3 |
| Asset turnover | — | 1.44 | — | 1.53 | 1.8 | 1.75 | 1.75 | 1.71 |
| Return ratios | ||||||||
| Return on assets % | — | 5.4% | — | -40.1% | 4.3% | 5.2% | 6.4% | 6.9% |
| Return on capital employed % | — | 16.8% | — | -59.1% | 13.1% | 14.1% | 18.5% | 17.4% |
| Return on equity % | — | 10% | — | -96.4% | 8.4% | 10% | 11.9% | 11.7% |
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.