Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 52.8% | 31.1% | 32.6% | 31.7% | 29.4% | 25% | 29.3% | 35.5% |
| EBITDA margin % | 17% | 13.5% | 18.5% | 20.1% | 14.8% | 6.7% | 12.1% | 20.1% |
| EBIT margin % | 10.8% | 5% | 10.1% | 11.7% | 7.3% | -3.6% | 4.6% | 13% |
| PAT margin % | 9% | 11.9% | 10.3% | 9.6% | 9.8% | 5.3% | 7.5% | 14.6% |
| Working capital | ||||||||
| Receivable days | 168 | — | 196 | 163 | 185 | 205 | 179 | 176 |
| Inventory days | 158 | — | 127 | 151 | 166 | 167 | 125 | 116 |
| Payable days | 288 | — | 1 | 1 | 203 | 163 | 170 | 172 |
| NWC days | 38 | — | 323 | 313 | 147 | 210 | 134 | 120 |
| Leverage | ||||||||
| Current ratio | 1.8 | — | 1.79 | 1.63 | 1.58 | 1.84 | 1.79 | 1.84 |
| Debt to EBITDA | 0 | — | 0.18 | 0.06 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | — | 0.05 | 0.02 | 0 | 0 | 0 | 0 |
| Interest coverage | 27.4 | 119 | 144.1 | 241.8 | 107.3 | 104 | 365.7 | 2,484.2 |
| Asset turnover | 0.79 | — | 0.76 | 0.86 | 0.83 | 0.68 | 0.83 | 0.87 |
| Return ratios | ||||||||
| Return on assets % | 7.1% | — | 7.8% | 8.2% | 8.1% | 3.6% | 6.2% | 12.7% |
| Return on capital employed % | 18.7% | — | 17.8% | 22.6% | 20.7% | 7.9% | 14% | 29.5% |
| Return on equity % | 12.3% | — | 14% | 16.3% | 16.2% | 6.5% | 11.7% | 23.4% |
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.