Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 48.3% | 43.2% | 39% | 36.7% | 40.2% | 35.4% | 42.9% |
| EBITDA margin % | 10% | 12.8% | 13.8% | 11% | 11% | 11.2% | 9.1% | 10.1% |
| EBIT margin % | 8.3% | 10.9% | 11.9% | 9.5% | 9.3% | 8.1% | 5.7% | 6.3% |
| PAT margin % | 6.8% | 9.4% | 10.7% | 9.3% | 9.7% | 9% | 4.3% | 4.4% |
| Working capital | ||||||||
| Receivable days | 21 | 26 | 35 | 23 | 30 | 37 | 34 | 35 |
| Inventory days | 34 | 66 | 87 | 57 | 54 | 49 | 43 | 60 |
| Payable days | 26 | — | 4 | 55 | 52 | 52 | 49 | 71 |
| NWC days | 29 | — | 118 | 26 | 31 | 33 | 28 | 25 |
| Leverage | ||||||||
| Current ratio | — | — | 1.67 | 1.54 | 3.11 | 0.63 | 0.91 | 0.84 |
| Debt to EBITDA | 0 | 0 | — | — | 0 | 4.56 | 4.04 | 1.6 |
| Debt to equity | 0 | 0 | — | — | 0 | 0.36 | 0.34 | 0.16 |
| Interest coverage | 24.9 | 28.9 | 29 | 38.2 | 41.9 | 5.7 | 2.4 | 3.2 |
| Asset turnover | 1.77 | 1.5 | 1.19 | 1.32 | 1.12 | 0.45 | 0.59 | 0.71 |
| Return ratios | ||||||||
| Return on assets % | 12.1% | 14.2% | 12.7% | 12.3% | 10.8% | 4% | 2.6% | 3.1% |
| Return on capital employed % | — | — | 23.4% | 22.9% | 19.5% | 10% | 6.7% | 7.2% |
| Return on equity % | 22.6% | 19.4% | 17.9% | 16.3% | 14% | 6.3% | 4% | 4.5% |
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.