Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 22.3% | 40.9% | 36.5% | 25.1% | 25.2% | 24.9% | 26.3% |
| EBITDA margin % | 0.6% | 4.1% | 25.4% | 21.8% | 11.6% | 11.9% | 12.6% | 13.8% |
| EBIT margin % | -0.7% | 2.1% | 23.1% | 20.1% | 10% | 10.2% | 11.1% | 12% |
| PAT margin % | -0.6% | -0.6% | 17.2% | 14.8% | 7.7% | 7.8% | 8.5% | 8.9% |
| Working capital | ||||||||
| Receivable days | — | — | 68 | 51 | 49 | 49 | 46 | 50 |
| Inventory days | — | — | 110 | 90 | 71 | 59 | 102 | 86 |
| Payable days | — | — | 85 | 63 | 64 | 50 | 79 | 63 |
| NWC days | — | — | 93 | 79 | 56 | 58 | 69 | 73 |
| Leverage | ||||||||
| Current ratio | — | — | 2.96 | 2.95 | 1.92 | 2.71 | 2.07 | 2.47 |
| Debt to EBITDA | — | — | 0.13 | 0.02 | 0.04 | 0.04 | 0.03 | 0.03 |
| Debt to equity | — | — | 0.06 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest coverage | -0.5 | 2.5 | 26.7 | 54.8 | 47.3 | 85.5 | 89.7 | 58.1 |
| Asset turnover | — | — | 1.24 | 1.77 | 1.88 | 2.14 | 1.98 | 1.79 |
| Return ratios | ||||||||
| Return on assets % | — | — | 21.3% | 26.2% | 14.5% | 16.7% | 16.7% | 15.9% |
| Return on capital employed % | — | — | 38.7% | 46.3% | 29.3% | 30.2% | 37.5% | 32.4% |
| Return on equity % | — | — | 31.5% | 37.7% | 25.6% | 24% | 27.3% | 23.7% |
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.