Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 33.9% | 33.2% | 40.8% | 40.4% | 39.7% | 42.4% | 45.8% | 49.5% |
| EBITDA margin % | 14.4% | 16.6% | 16.3% | 14.1% | 11.5% | 19.1% | 21.9% | 26.8% |
| EBIT margin % | 12.2% | 14.6% | 10.8% | 8.8% | 4.8% | 12% | 15.7% | 21.5% |
| PAT margin % | 8.6% | 11.9% | 9.3% | 7.3% | 1.4% | 5.7% | 9.3% | 14.6% |
| Working capital | ||||||||
| Receivable days | — | 258 | 69 | 75 | 73 | 77 | 72 | 87 |
| Inventory days | — | 549 | 155 | 247 | 286 | 223 | 239 | 216 |
| Payable days | — | 281 | 89 | 136 | 114 | 105 | 134 | 163 |
| NWC days | — | 527 | 135 | 186 | 244 | 195 | 177 | 141 |
| Leverage | ||||||||
| Current ratio | — | 1.4 | 1.52 | 1.11 | 1.07 | 1.25 | 1.24 | 1.42 |
| Debt to EBITDA | — | 9.09 | 2.49 | 4.5 | 5.67 | 2.71 | 1.9 | 1.1 |
| Debt to equity | — | 0.77 | 0.71 | 1.09 | 1.25 | 0.96 | 0.77 | 0.5 |
| Interest coverage | 6.1 | 7.8 | 7.3 | 6.5 | 1.5 | 2.4 | 4 | 8.2 |
| Asset turnover | — | 0.22 | 0.82 | 0.65 | 0.67 | 0.78 | 0.82 | 0.85 |
| Return ratios | ||||||||
| Return on assets % | — | 2.7% | 7.7% | 4.8% | 1% | 4.5% | 7.7% | 12.4% |
| Return on capital employed % | — | 6% | 16% | 13.4% | 7.8% | 17.3% | 24.3% | 33.5% |
| Return on equity % | — | 6.1% | 16.4% | 12.6% | 2.7% | 10.6% | 17.2% | 24.9% |
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.