Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 58.2% | 62.9% | 58.5% | 72.4% | 66.6% | 69.4% | 70.2% | 70.9% |
| EBITDA margin % | 11.7% | 14.6% | 15.1% | 18.5% | 20.2% | 23.3% | 24.3% | 22.3% |
| EBIT margin % | 6.1% | 6.9% | 8.6% | 11.5% | 14.7% | 16.6% | 17.3% | 15.9% |
| PAT margin % | 2.6% | 2.6% | 4.8% | 13.5% | 11.5% | 10.4% | 12.8% | 13.2% |
| Working capital | ||||||||
| Receivable days | 44 | 58 | 0 | 0 | 55 | 48 | 57 | 54 |
| Inventory days | 94 | 216 | 0 | 0 | 157 | 196 | 193 | 215 |
| Payable days | — | — | 0 | 0 | 124 | 198 | 172 | 81 |
| NWC days | — | — | -0 | -0 | 87 | 46 | 79 | 188 |
| Leverage | ||||||||
| Current ratio | 1.17 | 1.45 | 1.36 | 3.08 | 1.53 | 1.55 | 1.71 | 1.5 |
| Debt to EBITDA | 2.7 | 3.46 | 0 | 0 | 1.58 | 1.09 | 0.9 | 0.4 |
| Debt to equity | 0.68 | 0.75 | 0.08 | 0.06 | 0.46 | 0.34 | 0.26 | 0.1 |
| Interest coverage | 2.2 | 2 | 2.6 | 7.4 | 6.3 | 4.9 | 6 | 10.8 |
| Asset turnover | 0.95 | 0.65 | 785 | 507.24 | 0.73 | 0.72 | 0.72 | 0.75 |
| Return ratios | ||||||||
| Return on assets % | 2.5% | 1.7% | 3,731.4% | 6,854.3% | 8.4% | 7.5% | 9.2% | 9.9% |
| Return on capital employed % | 8.7% | 6.7% | 16.6% | 8,846.2% | 29.7% | 17% | 19.2% | 18.6% |
| Return on equity % | 5.6% | 3.9% | 4,492.9% | 8,020.3% | 16.3% | 13.9% | 15.4% | 14.6% |
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.