Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 51.6% | 41.9% | 52.9% | 51.5% | 52.4% | 51.9% | 52.9% |
| EBITDA margin % | — | 10% | 5.1% | 17.6% | 16.6% | 13.7% | 12.5% | 12.8% |
| EBIT margin % | — | 5.7% | -0.5% | 14.5% | 14% | 11% | 9.8% | 9.8% |
| PAT margin % | — | 4.2% | 0.5% | 11.2% | 11.3% | 8.9% | 9% | 8.9% |
| Working capital | ||||||||
| Receivable days | — | 73 | 87 | 74 | 70 | 82 | 86 | 92 |
| Inventory days | — | 191 | 146 | 164 | 143 | 171 | 147 | 160 |
| Payable days | — | — | 102 | 87 | 65 | 0 | 67 | 68 |
| NWC days | — | — | 132 | 151 | 148 | 253 | 165 | 184 |
| Leverage | ||||||||
| Current ratio | 1.78 | 1.73 | 2.27 | 2.09 | 2.66 | 2.72 | 2.64 | 2.41 |
| Debt to EBITDA | — | 2.06 | 2.09 | 0.63 | 0.41 | 0.58 | 0.85 | 0.97 |
| Debt to equity | 0.54 | 0.46 | 0.15 | 0.23 | 0.13 | 0.14 | 0.18 | 0.22 |
| Interest coverage | — | 3 | 1.2 | 17.2 | 17.8 | 13.2 | 12.3 | 9.8 |
| Asset turnover | 0 | 1.13 | 0.89 | 1.26 | 1.36 | 1.3 | 1.17 | 1.17 |
| Return ratios | ||||||||
| Return on assets % | 0% | 4.8% | 0.4% | 14% | 15.4% | 11.5% | 10.5% | 10.4% |
| Return on capital employed % | 0% | 13.3% | 3.7% | 31.4% | 30.8% | 21.9% | 22.3% | 22.3% |
| Return on equity % | 0% | 9.4% | 0.7% | 22.7% | 22.1% | 16.2% | 15.4% | 15.6% |
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.