Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | 80.4% | 39.8% | 33.7% | 41.7% |
| EBITDA margin % | 7.3% | 6.3% | 8.1% | 15.5% | 8.9% | 10.8% | 11.6% | 15.9% |
| EBIT margin % | 5% | 4.2% | 6.1% | 13.8% | 7.1% | 9% | 10.4% | 14.5% |
| PAT margin % | 5.5% | 5.9% | 6.9% | 11.9% | 9% | 9.1% | 10.6% | 15.6% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | — | 132 | 84 | 81 |
| Inventory days | — | — | — | — | — | 49 | 49 | 81 |
| Payable days | — | — | — | — | — | 33 | 51 | 96 |
| NWC days | — | — | — | — | — | 148 | 83 | 66 |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | 2.76 | 4.61 | 3.2 |
| Debt to EBITDA | — | — | — | — | — | 2.57 | 0.08 | 0.01 |
| Debt to equity | — | — | — | — | — | 0.25 | 0.01 | 0 |
| Interest coverage | — | 58.6 | 38.7 | 151.6 | 20.2 | 8.1 | 77.1 | 92.4 |
| Asset turnover | — | — | — | — | — | 0.66 | 1.13 | 0.92 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | — | — | 6% | 11.9% | 14.4% |
| Return on capital employed % | — | — | — | — | — | 12.2% | 20.2% | 26.1% |
| Return on equity % | — | — | — | — | — | 8.2% | 14.4% | 18.4% |
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.