Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 30.9% | 35% | 39.3% | 38.1% | 30.1% | 26.3% | 31.8% | 31% |
| EBITDA margin % | 10.8% | 11.8% | 17% | 15.2% | 6.9% | -0.1% | 7% | 5% |
| EBIT margin % | 7.4% | 7.5% | 12.6% | 12.3% | 3.9% | -3.4% | 4% | 1.6% |
| PAT margin % | 16.9% | 18.1% | 34.9% | 27.5% | 17.9% | -0.6% | 4.9% | 4% |
| Working capital | ||||||||
| Receivable days | — | 41 | 40 | 40 | 27 | 50 | 42 | 43 |
| Inventory days | — | 63 | 70 | 65 | 66 | 70 | 74 | 78 |
| Payable days | — | 7 | 13 | 9 | 8 | 6 | 12 | 12 |
| NWC days | — | 97 | 97 | 95 | 85 | 113 | 104 | 109 |
| Leverage | ||||||||
| Current ratio | — | 2.87 | 1.94 | 3.32 | 4.6 | 2.85 | 3.47 | 2.57 |
| Debt to EBITDA | — | 0.87 | 0.73 | 0.32 | 0.23 | — | 1.17 | 3.23 |
| Debt to equity | — | 0.21 | 0.29 | 0.12 | 0.04 | 0.17 | 0.18 | 0.32 |
| Interest coverage | 60.2 | 114.4 | 174.8 | 251.9 | 453.8 | -3 | 11 | 8.9 |
| Asset turnover | — | 1.48 | 1.57 | 1.96 | 2.08 | 1.67 | 1.7 | 1.39 |
| Return ratios | ||||||||
| Return on assets % | — | 26.8% | 54.7% | 54% | 37.2% | -1.1% | 8.4% | 5.5% |
| Return on capital employed % | — | 44.6% | 76.2% | 81.9% | 44.4% | -1.5% | 15.4% | 10.2% |
| Return on equity % | — | 37.3% | 81.4% | 67.1% | 42.4% | -1.4% | 10.8% | 7.9% |
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.