Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 28% | 23.6% | 18.7% | 15.4% | 14.9% | 17.2% |
| EBITDA margin % | 2.9% | 5.5% | 21% | 18% | 12.5% | 8.9% | 8.8% | 9.6% |
| EBIT margin % | 2.2% | 4.1% | 19.8% | 17.1% | 11.6% | 7.8% | 7.7% | 7.9% |
| PAT margin % | 1.5% | 3.8% | 15% | 13.2% | 9.4% | 6.6% | 6.5% | 6.1% |
| Working capital | ||||||||
| Receivable days | 33 | — | 44 | 30 | 25 | 27 | 24 | 34 |
| Inventory days | 29 | — | 51 | 29 | 55 | 39 | 50 | 51 |
| Payable days | — | — | 90 | 50 | 66 | 66 | 66 | 65 |
| NWC days | — | — | 4 | 8 | 14 | 0 | 8 | 20 |
| Leverage | ||||||||
| Current ratio | 1.64 | — | 2.2 | 2.48 | 2.41 | 2.23 | 1.91 | 2.02 |
| Debt to EBITDA | — | — | 0 | 0 | 0.03 | 0.24 | 0.05 | 0 |
| Debt to equity | — | — | 0 | 0 | 0.01 | 0.06 | 0.01 | 0 |
| Interest coverage | 20.5 | 19.2 | 89.6 | 187.1 | 187.3 | 65.8 | 43.3 | 33.1 |
| Asset turnover | 2.62 | — | 1.81 | 2.21 | 1.94 | 1.71 | 1.75 | 1.54 |
| Return ratios | ||||||||
| Return on assets % | 4% | — | 27.2% | 29.1% | 18.2% | 11.3% | 11.3% | 9.4% |
| Return on capital employed % | 11.4% | — | 57.4% | 65.9% | 38.7% | 23.4% | 23.6% | 19% |
| Return on equity % | 7.7% | — | 44.8% | 43.8% | 27% | 17.2% | 17.5% | 13.8% |
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.