Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 44.8% | ||||
| 37.7% |
| — |
| — |
| — |
| EBITDA margin % | 15% | 16.5% | 14.3% | 17% | 11% | 7.8% | 7.1% | 10.1% |
| EBIT margin % | 11.2% | 13.9% | 11.1% | 14.2% | 9.2% | 5.9% | 4% | 6.9% |
| PAT margin % | 3.3% | 8.6% | 8.2% | 9.3% | 6% | 3% | 2.7% | 1.9% |
| Working capital | ||||||||
| Receivable days | — | — | — | 58 | 49 | — | — | — |
| Inventory days | — | — | — | 78 | 73 | — | — | — |
| Payable days | — | — | — | 57 | 32 | — | — | — |
| NWC days | — | — | — | 79 | 90 | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | 2.22 | 1.94 | — | — | — |
| Debt to EBITDA | — | — | — | 0.38 | 0.86 | — | — | — |
| Debt to equity | — | — | — | 0.1 | 0.2 | — | — | — |
| Interest coverage | 1.8 | 7.3 | 6.3 | 10.9 | 8.7 | 3.4 | 2.5 | 1.6 |
| Asset turnover | — | — | — | 1.09 | 1.46 | — | — | — |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 10% | 8.8% | — | — | — |
| Return on capital employed % | — | — | — | 19.3% | 19% | — | — | — |
| Return on equity % | — | — | — | 14.7% | 13% | — | — | — |
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.