Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 40.2% | 39.6% | 47% | 35.7% | 40.2% | 44.3% | 44.3% |
| EBITDA margin % | 19.4% | 19.4% | 21.5% | 22% | 10.5% | 16.5% | 17.9% | 19.3% |
| EBIT margin % | 15.3% | 14% | 17.5% | 15.8% | 4.3% | 12% | 13.5% | 14.8% |
| PAT margin % | 8.9% | 7.9% | 10.8% | 13.1% | 0.8% | 7% | 8.7% | 9.9% |
| Working capital | ||||||||
| Receivable days | — | — | 68 | 34 | 104 | 122 | 95 | 89 |
| Inventory days | — | — | 148 | 333 | 243 | 201 | 238 | 259 |
| Payable days | — | — | 70 | 97 | 123 | 130 | 95 | 89 |
| NWC days | — | — | 146 | 270 | 224 | 192 | 238 | 259 |
| Leverage | ||||||||
| Current ratio | — | — | 1.59 | 1.92 | 1.61 | 1.61 | 1.71 | 1.81 |
| Debt to EBITDA | — | — | 1.81 | 2.27 | 4.62 | 2.4 | 2.22 | 2.14 |
| Debt to equity | — | — | 0.53 | 0.53 | 0.51 | 0.49 | 0.46 | 0.45 |
| Interest coverage | 6.3 | 5.2 | 9.2 | 4.6 | 1.3 | 3.8 | 6 | 6 |
| Asset turnover | — | — | 0.69 | 0.59 | 0.57 | 0.66 | 0.66 | 0.64 |
| Return ratios | ||||||||
| Return on assets % | — | — | 7.5% | 7.7% | 0.4% | 4.6% | 5.8% | 6.3% |
| Return on capital employed % | — | — | 16.5% | 13.4% | 4.1% | 12.9% | 14% | 14.7% |
| Return on equity % | — | — | 14.8% | 13.8% | 0.8% | 8.7% | 10.2% | 10.9% |
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.