Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 98.9% | 36% | 36.3% | 36.4% | 42.7% | 45.2% | 42.7% | 41.5% |
| EBITDA margin % | 9.5% | 6.1% | 5.1% | 8.2% | 9.5% | 9.9% | 8.1% | 8.5% |
| EBIT margin % | 5.9% | 1% | 0.2% | 3.5% | 4.3% | 3.6% | 2.6% | 3.7% |
| PAT margin % | 4.1% | 1.4% | -0.5% | 1.4% | 2.3% | 1.9% | 1.4% | 1.5% |
| Working capital | ||||||||
| Receivable days | 75 | 77 | 96 | 76 | 72 | 59 | 63 | 57 |
| Inventory days | 2,691 | 61 | 85 | 79 | 74 | 91 | 95 | 74 |
| Payable days | 4,242 | 100 | 138 | 147 | 119 | 139 | 137 | 141 |
| NWC days | -1,476 | 37 | 44 | 8 | 27 | 11 | 21 | -10 |
| Leverage | ||||||||
| Current ratio | 0.96 | 0.96 | 0.94 | 0.8 | 0.95 | 0.85 | 0.84 | 0.76 |
| Debt to EBITDA | 2.56 | 4.98 | 7.71 | 3.89 | 3.46 | 3.33 | 4.24 | 3.95 |
| Debt to equity | 0.5 | 0.62 | 0.87 | 0.86 | 0.97 | 0.83 | 0.83 | 0.89 |
| Interest coverage | 4.3 | 1.7 | 0.9 | 2.1 | 2.4 | 1.9 | 1.9 | 2 |
| Asset turnover | 1.01 | 0.92 | 0.86 | 0.99 | 1.11 | 1.01 | 0.95 | 0.99 |
| Return ratios | ||||||||
| Return on assets % | 4.1% | 1.3% | -0.4% | 1.4% | 2.5% | 1.9% | 1.4% | 1.5% |
| Return on capital employed % | 14.4% | 5.8% | 3.7% | 9.3% | 11.6% | 9% | 7.7% | 8.1% |
| Return on equity % | 8.4% | 2.8% | -1% | 3.8% | 6.7% | 4.7% | 3.4% | 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.