Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 45.2% | 43.4% | 42.1% | 42.5% | 44.4% | 45.5% |
| EBITDA margin % | 7.8% | 6% | 6.7% | 9.4% | 6.5% | 8.1% | 8.4% | 8.4% |
| EBIT margin % | 7.8% | 6% | 4.1% | 7.3% | 4.1% | 5.5% | 5.3% | 4.9% |
| PAT margin % | 41.6% | 2.9% | 4.1% | 4.5% | 2.4% | 4% | 3.5% | 3.4% |
| Working capital | ||||||||
| Receivable days | 107 | 129 | 176 | 133 | 120 | 108 | 106 | 102 |
| Inventory days | 244 | 332 | 645 | 338 | 121 | 114 | 102 | 146 |
| Payable days | 69 | 48 | 145 | 99 | 104 | 64 | 51 | 84 |
| NWC days | 283 | 412 | 676 | 372 | 137 | 158 | 157 | 164 |
| Leverage | ||||||||
| Current ratio | 1.74 | 1.69 | 1.51 | 1.41 | 1.32 | 1.75 | 1.53 | 1.71 |
| Debt to EBITDA | 3.84 | 7.42 | 6.54 | 3.26 | 4.76 | 1.95 | 1.94 | 2.27 |
| Debt to equity | 0.47 | 0.5 | 0.43 | 0.44 | 0.49 | 0.21 | 0.22 | 0.21 |
| Interest coverage | 4.5 | 1.8 | 2.2 | 3.9 | 2.3 | 4.4 | 3.5 | 3.8 |
| Asset turnover | 0.78 | 0.54 | 0.45 | 0.66 | 0.83 | 0.86 | 0.89 | 0.72 |
| Return ratios | ||||||||
| Return on assets % | 32.4% | 1.6% | 1.8% | 3% | 2% | 3.4% | 3.1% | 2.4% |
| Return on capital employed % | 19.7% | 7.9% | 8.5% | 12% | 8.2% | 10.7% | 8.5% | 7.1% |
| Return on equity % | 65.8% | 3.3% | 4% | 6.4% | 3.8% | 5.3% | 4.8% | 3.7% |
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.