Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 85% | 83.7% | 82.3% | 56% | 50.6% | 59% | 84.9% |
| EBITDA margin % | 20.2% | 22.6% | 21.8% | 16.1% | 18.4% | 18.6% | 23.7% |
| EBIT margin % | 12.7% | 15.4% | 15.6% | 10.3% | 11.8% | 13.3% | 19% |
| PAT margin % | 6.6% | 10.3% | 10.3% | 6.7% | 5.3% | 8.3% | 12.7% |
| Working capital | |||||||
| Receivable days | — | — | — | 161 | 154 | 151 | 175 |
| Inventory days | — | — | — | 277 | 241 | 230 | 508 |
| Payable days | — | — | — | 63 | 36 | 91 | 238 |
| NWC days | — | — | — | 376 | 359 | 290 | 445 |
| Leverage | |||||||
| Current ratio | — | — | — | 1.94 | 1.69 | 2.17 | 1.86 |
| Debt to EBITDA | — | — | — | 3.12 | 3.69 | 1.88 | 1.37 |
| Debt to equity | — | — | — | 0.53 | 0.73 | 0.37 | 0.39 |
| Interest coverage | 2.7 | 3.8 | 4.4 | 2.9 | 2.1 | 3.3 | 5.9 |
| Asset turnover | — | — | — | 0.61 | 0.56 | 0.65 | 0.73 |
| Return ratios | |||||||
| Return on assets % | — | — | — | 4.1% | 3% | 5.4% | 9.3% |
| Return on capital employed % | — | — | — | 12.2% | 12.2% | 16.2% | 23.8% |
| Return on equity % | — | — | — | 7.1% | 5.7% | 8.6% | 15.2% |
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.