Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 23.6% | 22.3% | 22.1% | 25% | 28.5% | 26.8% |
| EBITDA margin % | 3.1% | 3.3% | 4.4% | 2.2% | 0.4% | 0.3% | 1.3% | 2.7% |
| EBIT margin % | 2.9% | 2.5% | 3.6% | 1.7% | -0% | -0.3% | 0.8% | 2.1% |
| PAT margin % | 1.9% | 1.8% | 2.6% | 1.7% | 1.8% | 1.1% | 1.7% | 2.3% |
| Working capital | ||||||||
| Receivable days | — | — | 42 | 40 | 31 | 30 | 38 | 25 |
| Inventory days | — | — | 92 | 76 | 80 | 115 | 125 | 94 |
| Payable days | — | — | 87 | 67 | 62 | 86 | 61 | 62 |
| NWC days | — | — | 48 | 49 | 50 | 58 | 101 | 57 |
| Leverage | ||||||||
| Current ratio | — | — | 1.63 | 1.69 | 2.51 | 2.36 | 2.81 | 2.33 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 13.4 | 6.6 | 10.8 | 13.7 | 7.3 | 19 | 33.4 | 40.3 |
| Asset turnover | — | — | 2.44 | 2.62 | 2.08 | 1.73 | 1.79 | 1.93 |
| Return ratios | ||||||||
| Return on assets % | — | — | 6.3% | 4.4% | 3.8% | 1.8% | 3.1% | 4.4% |
| Return on capital employed % | — | — | 23.9% | 13.6% | 4% | 4.6% | 6.8% | 10.8% |
| Return on equity % | — | — | 14.7% | 10% | 6.1% | 3.1% | 4.6% | 7.2% |
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.