Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 7.1% | 6.7% | 6.2% | 5.9% | 6.2% | 6.6% |
| EBITDA margin % | 2.6% | 2.7% | 3.6% | 3.3% | 2.6% | 1.7% | 1.9% | 2.2% |
| EBIT margin % | 2.5% | 2.6% | 3.5% | 3.2% | 2.5% | 1.6% | 1.8% | 2% |
| PAT margin % | 5.3% | 26.1% | 16% | 9.7% | 13% | 38.3% | 25% | 28.2% |
| Working capital | ||||||||
| Receivable days | — | — | 15 | 15 | 14 | 20 | 23 | 27 |
| Inventory days | — | — | 25 | 31 | 35 | 39 | 57 | 42 |
| Payable days | — | — | 3 | 6 | 4 | 4 | 8 | 8 |
| NWC days | — | — | 37 | 40 | 45 | 55 | 72 | 60 |
| Leverage | ||||||||
| Current ratio | — | — | 33.07 | 23.94 | 33.44 | 39.72 | 25.05 | 20.84 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 13.3 | 64.8 | 497 | — | — | — | — | — |
| Asset turnover | — | — | 0.78 | 0.83 | 0.88 | 0.69 | 0.67 | 0.68 |
| Return ratios | ||||||||
| Return on assets % | — | — | 12.5% | 8% | 11.4% | 26.5% | 16.6% | 19.1% |
| Return on capital employed % | — | — | 14.4% | 9.2% | 12.8% | 33% | 18.4% | 21.2% |
| Return on equity % | — | — | 12.7% | 8.2% | 11.6% | 26.9% | 17% | 19.6% |
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.