Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 34.9% | 35.9% | 34.7% | 32.6% | 32.3% | 34.3% | 33.9% | 34% |
| EBITDA margin % | 10.5% | 9.9% | 9.2% | 7.3% | 6.8% | 10.2% | 10.4% | 10.4% |
| EBIT margin % | 6.3% | 4.1% | 3.2% | 2.2% | 1.8% | 5.8% | 7% | 7.2% |
| PAT margin % | 4.7% | 4.3% | 3.6% | 0.8% | -35.4% | 7.9% | 3.7% | 3.5% |
| Working capital | ||||||||
| Receivable days | 43 | 40 | 52 | 44 | 28 | 18 | 26 | 26 |
| Inventory days | 49 | 66 | 68 | 60 | 57 | 48 | 44 | 50 |
| Payable days | 11 | 17 | 113 | 111 | 87 | 89 | 94 | 95 |
| NWC days | 82 | 89 | 7 | -7 | -2 | -23 | -25 | -20 |
| Leverage | ||||||||
| Current ratio | 0.83 | 0.85 | 1.16 | 0.99 | 0.43 | 0.58 | 0.75 | 0.79 |
| Debt to EBITDA | 0.89 | 1.85 | 2.15 | 4.82 | 6.19 | 2.71 | 1.12 | 0.68 |
| Debt to equity | 0.21 | 0.37 | 0.26 | 0.6 | 2.97 | 1.37 | 0.48 | 0.28 |
| Interest coverage | 5.4 | 3.9 | 3.4 | 1.5 | 0.7 | 1.6 | 3.3 | 4.9 |
| Asset turnover | 1.26 | 0.93 | 0.77 | 0.78 | 1.21 | 1.4 | 1.67 | 1.77 |
| Return ratios | ||||||||
| Return on assets % | 5.9% | 4% | 2.8% | 0.6% | -42.7% | 11.1% | 6.3% | 6.3% |
| Return on capital employed % | 16.4% | 11.5% | 9.9% | 5.8% | 7.9% | 23% | 28.2% | 25.7% |
| Return on equity % | 10.6% | 8.7% | 4.8% | 1.3% | -250.2% | 39.2% | 15.4% | 14% |
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.