Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 21.7% | 23% | 23.9% | 24.3% | 20.4% | 20.7% | 21.4% | 20.9% |
| EBITDA margin % | 5.8% | 7.5% | 7% | 9.1% | 5.6% | 6% | 6.4% | 2.8% |
| EBIT margin % | 5.5% | 7.1% | 6.5% | 8.6% | 5.1% | 5.5% | 5.9% | 2% |
| PAT margin % | 6.9% | 7.8% | 9.1% | 8.2% | 18.3% | 7% | 6.9% | 3.2% |
| Working capital | ||||||||
| Receivable days | 76 | 71 | 85 | 78 | 61 | 72 | 55 | 72 |
| Inventory days | 70 | 94 | 98 | 112 | 92 | 110 | 108 | 148 |
| Payable days | 165 | 166 | 158 | 182 | 132 | 144 | 107 | 169 |
| NWC days | -19 | -1 | 25 | 8 | 22 | 38 | 56 | 51 |
| Leverage | ||||||||
| Current ratio | 1.63 | 1.48 | 1.47 | 1.42 | 1.44 | 1.45 | 1.59 | 1.34 |
| Debt to EBITDA | 0.29 | 0.16 | 0.24 | 0.2 | 0.67 | 0.78 | 0.78 | 2.73 |
| Debt to equity | 0.03 | 0.02 | 0.02 | 0.02 | 0.04 | 0.05 | 0.07 | 0.1 |
| Interest coverage | 27.4 | 93.3 | 39.4 | 53.5 | 45.4 | 37.3 | 30.9 | 7.8 |
| Asset turnover | 0.98 | 0.96 | 0.78 | 0.77 | 0.76 | 0.74 | 0.89 | 0.75 |
| Return ratios | ||||||||
| Return on assets % | 6.8% | 7.5% | 7.1% | 6.3% | 14% | 5.1% | 6.1% | 2.4% |
| Return on capital employed % | 17% | 20.2% | 16% | 14.4% | 9% | 10.5% | 12.9% | 5.9% |
| Return on equity % | 12.4% | 13.5% | 11.4% | 10.5% | 20.7% | 8.1% | 9.6% | 4.3% |
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.