Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 32.4% | 26.7% | 39.6% | 34.1% | 30.6% | 26.9% | 20.1% | 17.3% |
| EBITDA margin % | 15.6% | 8.6% | 22.1% | 16.7% | 9.5% | 4.4% | 7.1% | -1% |
| EBIT margin % | 14% | 6.1% | 19.2% | 14.5% | 7.9% | 2.7% | 5.5% | -3.4% |
| PAT margin % | 9.7% | 4.7% | 13.7% | 10.6% | 6.5% | 1.8% | 3.8% | -4.8% |
| Working capital | ||||||||
| Receivable days | 29 | 27 | 21 | 24 | 18 | 30 | 40 | 88 |
| Inventory days | 95 | 76 | 77 | 79 | 83 | 54 | 35 | 34 |
| Payable days | 0 | 0 | 123 | 147 | 130 | 117 | 86 | 59 |
| NWC days | 123 | 103 | -25 | -44 | -28 | -32 | -11 | 63 |
| Leverage | ||||||||
| Current ratio | — | 1.72 | 1.99 | 1.37 | 1.1 | 1.07 | 1.11 | 1.28 |
| Debt to EBITDA | 0.21 | 1.7 | 0.66 | 0.42 | 0.28 | 2.05 | 3.42 | — |
| Debt to equity | 0.06 | 0.23 | 0.17 | 0.12 | 0.05 | 0.18 | 0.47 | 0.51 |
| Interest coverage | 14.4 | 4.8 | 9.2 | 12.3 | 5.6 | 2.1 | 3.3 | -0.2 |
| Asset turnover | 1.08 | 0.88 | 0.77 | 0.97 | 0.99 | 1.15 | 1 | 0.54 |
| Return ratios | ||||||||
| Return on assets % | 10.4% | 4.1% | 10.5% | 10.2% | 6.4% | 2.1% | 3.8% | -2.6% |
| Return on capital employed % | — | 10.2% | 21.4% | 23.7% | 18.3% | 8.5% | 11% | -0.7% |
| Return on equity % | 16.5% | 7.4% | 16.2% | 17.5% | 12.4% | 3.7% | 7.4% | -4.4% |
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.