Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 66.7% | 32.1% | 18.3% | 19.9% | 19.9% | 23.7% | 26.1% | 23.6% |
| EBITDA margin % | 12.8% | 11.1% | 7.4% | 10.1% | 10.4% | 12.9% | 14% | 12.3% |
| EBIT margin % | 9.2% | 6.5% | 4.9% | 8.3% | 8.7% | 11% | 11.9% | 10.5% |
| PAT margin % | 7.7% | 6.7% | 4.5% | 7.2% | 7.6% | 10.5% | 11% | 10.1% |
| Working capital | ||||||||
| Receivable days | 42 | 50 | 68 | 45 | 45 | 30 | 37 | 39 |
| Inventory days | 99 | 67 | 36 | 27 | 34 | 34 | 36 | 40 |
| Payable days | — | — | 121 | 84 | 87 | 84 | 94 | 109 |
| NWC days | — | — | -17 | -13 | -8 | -21 | -22 | -30 |
| Leverage | ||||||||
| Current ratio | 1.98 | 1.64 | 1.44 | 1.84 | 1.87 | 1.77 | 2.23 | 1.98 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 3,158.5 | 85.4 | 74.6 | 146.4 | 145.1 | 179.5 | 107.2 | 101.9 |
| Asset turnover | 1.66 | 1.38 | 1.76 | 2.06 | 1.91 | 1.71 | 1.6 | 1.52 |
| Return ratios | ||||||||
| Return on assets % | 12.8% | 9.2% | 8% | 14.8% | 14.5% | 17.9% | 17.6% | 15.3% |
| Return on capital employed % | 30.9% | 19.1% | 25.3% | 40.1% | 38.7% | 42.4% | 38.4% | 34.9% |
| Return on equity % | 20% | 15.7% | 17.6% | 26.9% | 26.3% | 28.8% | 29% | 25.8% |
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.