Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 45.5% | 49% | 42.3% | 35.3% | 34.7% | 40.3% | 47% | 46.9% |
| EBITDA margin % | 8.6% | 8.4% | 9.3% | 9% | 9.2% | 11.3% | 11.3% | 6.8% |
| EBIT margin % | 6.5% | 6.4% | 7.6% | 8% | 8.3% | 10% | 9.6% | 4.6% |
| PAT margin % | 6.8% | 6.9% | 6.6% | 8% | 7.5% | 9.4% | 9.6% | 4.7% |
| Working capital | ||||||||
| Receivable days | — | — | 125 | 74 | 79 | 83 | 57 | 62 |
| Inventory days | — | — | 52 | 84 | 53 | 35 | 55 | 60 |
| Payable days | — | — | 169 | 101 | 79 | 80 | 94 | 131 |
| NWC days | — | — | 8 | 56 | 53 | 38 | 19 | -9 |
| Leverage | ||||||||
| Current ratio | — | — | 1.58 | 1.44 | 1.45 | 1.59 | 1.57 | 1.5 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 120 | 36.6 | 42.5 | 86.9 | 74.4 | 91.5 | 80.8 | 31.1 |
| Asset turnover | — | — | 0.74 | 0.99 | 1.29 | 1.18 | 0.99 | 0.93 |
| Return ratios | ||||||||
| Return on assets % | — | — | 4.9% | 7.9% | 9.7% | 11.1% | 9.5% | 4.3% |
| Return on capital employed % | — | — | 12.3% | 21.4% | 30.7% | 30.7% | 23.6% | 13.1% |
| Return on equity % | — | — | 9.2% | 18.1% | 22.3% | 22.2% | 18.7% | 8.4% |
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.