Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 37.7% | 40.6% | 40.1% | 38.8% | 36.6% | 38.5% | 40.1% | 39.8% |
| EBITDA margin % | 10.3% | 7.5% | 14% | 14.9% | 12.1% | 12.1% | 11.1% | 11.3% |
| EBIT margin % | 7.4% | 4.7% | 11.8% | 13.1% | 10.2% | 9.7% | 8.3% | 8.6% |
| PAT margin % | 3.2% | 2.9% | 7.5% | 8.7% | 6.1% | 5.9% | 4.4% | 6% |
| Working capital | ||||||||
| Receivable days | — | — | 45 | 44 | 52 | 81 | 102 | 72 |
| Inventory days | — | — | 91 | 99 | 97 | 85 | 151 | 145 |
| Payable days | — | — | 102 | 84 | 79 | 75 | 136 | 102 |
| NWC days | — | — | 35 | 58 | 70 | 91 | 117 | 116 |
| Leverage | ||||||||
| Current ratio | — | — | 1.18 | 1.36 | 1.55 | 1.64 | 1.55 | 1.51 |
| Debt to EBITDA | — | — | 0.86 | 0.63 | 0.77 | 1.09 | 1.69 | 1.33 |
| Debt to equity | — | — | 0.5 | 0.36 | 0.32 | 0.35 | 0.44 | 0.35 |
| Interest coverage | 3.4 | 2.5 | 6.5 | 10.2 | 6 | 4.8 | 4.2 | 6 |
| Asset turnover | — | — | 1.44 | 1.62 | 1.58 | 1.39 | 1.08 | 1.19 |
| Return ratios | ||||||||
| Return on assets % | — | — | 10.7% | 14.1% | 9.6% | 8.1% | 4.8% | 7.1% |
| Return on capital employed % | — | — | 31.3% | 42.2% | 29.9% | 22.9% | 16.9% | 20.6% |
| Return on equity % | — | — | 30.9% | 33.4% | 20.4% | 15.6% | 10.3% | 13.9% |
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.