Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 65.1% | 57.3% | 87% | 85.5% | 94.9% | 94% | 95.8% | 92.9% |
| EBITDA margin % | 16.5% | 5.1% | 14.8% | 17% | 30.9% | 37% | 41.8% | 37.8% |
| EBIT margin % | 14.4% | 0.7% | 9.4% | 11.1% | 25.7% | 32% | 37% | 32.6% |
| PAT margin % | 34.1% | 127% | 18.5% | 112.8% | 64.4% | 61% | 66.2% | 53.7% |
| Working capital | ||||||||
| Receivable days | — | 44 | 66 | 72 | 67 | 42 | 47 | 48 |
| Inventory days | — | 411 | 2,112 | 2,885 | 5,118 | 3,694 | 3,982 | 1,161 |
| Payable days | — | 151 | 675 | 635 | 993 | 1,213 | 1,105 | 510 |
| NWC days | — | 304 | 1,504 | 2,322 | 4,191 | 2,523 | 2,925 | 698 |
| Leverage | ||||||||
| Current ratio | — | 3.59 | 1.71 | 2.1 | 2.06 | 1.5 | 1.81 | 1.94 |
| Debt to EBITDA | — | 0 | 0.03 | 0 | 0 | 0.16 | 0.16 | 0.12 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0.01 | 0.02 | 0.01 |
| Interest coverage | 217.5 | 335.6 | 62.2 | 423.9 | 598.5 | 149.9 | 84.1 | 94.6 |
| Asset turnover | — | 0.14 | 0.08 | 0.07 | 0.13 | 0.16 | 0.21 | 0.24 |
| Return ratios | ||||||||
| Return on assets % | — | 17.5% | 1.4% | 7.5% | 8.4% | 9.8% | 14.1% | 13% |
| Return on capital employed % | — | 19.2% | 2.5% | 10% | 9.8% | 12% | 17.5% | 16.8% |
| Return on equity % | — | 19.4% | 1.6% | 8.5% | 9.6% | 11.5% | 16.6% | 15.2% |
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.