Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 64.3% | 63.6% | 62.6% | 63.7% | 70.9% | 72.4% | 74% | 73.6% |
| EBITDA margin % | 17.1% | 21.6% | 22.9% | 18.7% | 31.1% | 27.6% | 29.5% | 29.8% |
| EBIT margin % | 11.7% | 17.2% | 18.3% | 10% | 23.4% | 19.7% | 24.1% | 23.5% |
| PAT margin % | 7.9% | 25.6% | 16.7% | -0.6% | 8.1% | 14.1% | 18.6% | 12.6% |
| Working capital | ||||||||
| Receivable days | — | 180 | 188 | 99 | 125 | 159 | 186 | 179 |
| Inventory days | — | 210 | 261 | 220 | 241 | 223 | 231 | 287 |
| Payable days | — | 170 | 307 | 175 | 188 | 171 | 210 | 236 |
| NWC days | — | 220 | 142 | 144 | 177 | 211 | 207 | 230 |
| Leverage | ||||||||
| Current ratio | — | 1.07 | 1.28 | 0.96 | 1.97 | 3.36 | 1.03 | 2.56 |
| Debt to EBITDA | — | 2.12 | 2.43 | 1.67 | 1.17 | 1.98 | 1.61 | 2.17 |
| Debt to equity | — | 0.24 | 0.26 | 0.2 | 0.32 | 0.47 | 0.45 | 0.6 |
| Interest coverage | 4.6 | 9 | 9.7 | 6.5 | 10.9 | 5.7 | 6.6 | 5.6 |
| Asset turnover | — | 0.33 | 0.29 | 0.38 | 0.51 | 0.49 | 0.53 | 0.48 |
| Return ratios | ||||||||
| Return on assets % | — | 8.4% | 4.9% | -0.2% | 4.1% | 7% | 9.9% | 6.1% |
| Return on capital employed % | — | 13.5% | 8.2% | 7.8% | 16.3% | 12.9% | 19.2% | 17.1% |
| Return on equity % | — | 13.2% | 7.9% | -0.4% | 7.1% | 12.1% | 17.6% | 11.7% |
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.