Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 40.7% | 33.7% | 28.6% | 26.2% | 27.3% | 30.1% | 29.3% | 39.2% |
| EBITDA margin % | 21.9% | 11.7% | 9.8% | 10% | 12% | 13.4% | 12.9% | 14.8% |
| EBIT margin % | 18.2% | 6.9% | 5% | 5.9% | 7.6% | 9.2% | 9.4% | 9.9% |
| PAT margin % | 15% | 4% | 3% | 4.3% | 5.5% | 9.5% | 8.9% | 9.6% |
| Working capital | ||||||||
| Receivable days | 15 | 24 | — | 6 | 10 | 8 | 16 | 21 |
| Inventory days | 40 | 25 | — | 44 | 45 | 43 | 62 | 86 |
| Payable days | 5 | 6 | — | 19 | 30 | 27 | 14 | 22 |
| NWC days | 50 | 44 | — | 31 | 26 | 24 | 64 | 84 |
| Leverage | ||||||||
| Current ratio | 1 | 1.01 | — | 1.35 | 0.98 | 1.01 | 1.26 | 1.7 |
| Debt to EBITDA | 0.75 | 1.45 | — | 1.4 | 1.45 | 0.73 | 0.81 | 1 |
| Debt to equity | 0.21 | 0.17 | — | 0.19 | 0.2 | 0.12 | 0.13 | 0.14 |
| Interest coverage | 6.6 | 2.3 | 2.3 | 3.3 | 3.3 | 7 | 8.7 | 8.5 |
| Asset turnover | 0.91 | 0.77 | — | 1 | 0.81 | 0.91 | 0.9 | 0.73 |
| Return ratios | ||||||||
| Return on assets % | 13.7% | 3.1% | — | 4.3% | 4.5% | 8.6% | 7.9% | 7% |
| Return on capital employed % | 19.7% | 6.3% | — | 7.4% | 8.2% | 12.2% | 11.8% | 9.8% |
| Return on equity % | 18.9% | 4.1% | — | 6% | 6.4% | 11.5% | 10.7% | 9.3% |
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.