Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 65.1% | 57.5% | 87.2% | 85.9% | 95% | 94.2% | 95.9% | 93.2% |
| EBITDA margin % | 16.5% | 4.5% | 15.1% | 17.8% | 31.7% | 36.1% | 42.2% | 37.7% |
| EBIT margin % | 14.4% | 0.1% | 9.7% | 11.6% | 26.4% | 31.1% | 37.4% | 32.5% |
| PAT margin % | 180.4% | 445.2% | 466.3% | 283.9% | 149.8% | 170.6% | 140% | 132.3% |
| Working capital | ||||||||
| Receivable days | — | 44 | 69 | 71 | 67 | 46 | 49 | 49 |
| Inventory days | — | 411 | 2,112 | 2,885 | 5,118 | 3,694 | 3,982 | 1,161 |
| Payable days | — | 151 | 693 | 640 | 1,004 | 1,237 | 1,132 | 530 |
| NWC days | — | 305 | 1,488 | 2,316 | 4,181 | 2,502 | 2,899 | 679 |
| Leverage | ||||||||
| Current ratio | — | 3.56 | 1.72 | 2.12 | 2.05 | 1.52 | 1.85 | 1.95 |
| Debt to EBITDA | — | 0 | 0.03 | 0 | 0 | 0.16 | 0.15 | 0.12 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 |
| Interest coverage | 217.4 | 322.3 | 48.3 | 251.9 | 208.2 | 93.5 | 64 | 66.2 |
| Asset turnover | — | 0.05 | 0.03 | 0.03 | 0.06 | 0.07 | 0.09 | 0.09 |
| Return ratios | ||||||||
| Return on assets % | — | 22.4% | 14.2% | 8.4% | 8.6% | 11.5% | 12.4% | 12.3% |
| Return on capital employed % | — | 6.6% | 0.9% | 4% | 4.2% | 4.8% | 6.8% | 6.2% |
| Return on equity % | — | 23.2% | 14.9% | 8.9% | 9.2% | 12.3% | 13.3% | 13% |
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.