Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 37.4% | 37.8% | 40.5% | 36.3% | 37.5% | 38.6% | 42.2% | 39.3% |
| EBITDA margin % | 5.8% | 7.9% | 11.2% | 7.3% | 8% | 9.1% | 9.9% | 7.4% |
| EBIT margin % | 1.7% | 2.7% | 6.3% | 4.9% | 5.4% | 6.3% | 7.4% | 4.9% |
| PAT margin % | 7.1% | 6.7% | 30.1% | 5.2% | 2.5% | 5.2% | 6.2% | 5.7% |
| Working capital | ||||||||
| Receivable days | 92 | 71 | 85 | 73 | 104 | 90 | 68 | 84 |
| Inventory days | 149 | 97 | 113 | 102 | 99 | 93 | 101 | 120 |
| Payable days | 5 | 3 | 150 | 116 | 135 | 132 | 122 | 128 |
| NWC days | 236 | 166 | 48 | 59 | 67 | 52 | 47 | 76 |
| Leverage | ||||||||
| Current ratio | 1.9 | 2.51 | 1.78 | 1.95 | 2.23 | 2.23 | 2.8 | 2.89 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 36.5 | 10 | 23.3 | 106.3 | 202.2 | 26.6 | 30.4 | 25.8 |
| Asset turnover | 0.8 | 0.8 | 1.13 | 1.32 | 1.16 | 1.09 | 1.09 | 0.97 |
| Return ratios | ||||||||
| Return on assets % | 5.7% | 5.4% | 33.9% | 6.8% | 2.9% | 5.7% | 6.8% | 5.5% |
| Return on capital employed % | 3.5% | 5.7% | 10.9% | 11.8% | 10.7% | 12.2% | 14.8% | 11.2% |
| Return on equity % | 8.2% | 7.8% | 54% | 10.5% | 4.4% | 8.7% | 9.8% | 7.8% |
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.