Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 68.6% | 37.4% | 30.2% | 48.9% | 49.9% | 26.2% |
| EBITDA margin % | 37.5% | 42.7% | 37.2% | 9.6% | -0.5% | 11.6% | 22.4% | 9.6% |
| EBIT margin % | 35.9% | 40.1% | 34% | 5.7% | -4.5% | 6.4% | 19.1% | 7.5% |
| PAT margin % | 23.6% | 28.2% | 29.1% | 5.6% | 1.9% | 7.8% | 14.1% | 5.4% |
| Working capital | ||||||||
| Receivable days | 128 | — | 58 | 11 | 26 | 39 | 32 | 39 |
| Inventory days | 18 | — | 53 | 34 | 22 | 41 | 42 | 31 |
| Payable days | — | — | 120 | 42 | — | — | — | — |
| NWC days | — | — | -9 | 4 | — | — | — | — |
| Leverage | ||||||||
| Current ratio | 2.26 | — | 3.52 | 0.53 | 1.58 | 0.78 | 1.28 | 0.98 |
| Debt to EBITDA | — | — | 0.15 | 0 | — | — | — | — |
| Debt to equity | — | — | 0.05 | 0 | 0 | — | — | — |
| Interest coverage | 5.2 | 7 | 15.9 | 4.5 | 2.6 | 6.9 | 17.2 | 11.1 |
| Asset turnover | 1.01 | — | 0.68 | 0.93 | 0.41 | 0.32 | 0.45 | 0.73 |
| Return ratios | ||||||||
| Return on assets % | 23.8% | — | 19.8% | 5.2% | 0.8% | 2.5% | 6.3% | 3.9% |
| Return on capital employed % | 59.9% | — | 31.1% | 11.4% | 3.6% | 4.5% | 10.6% | 7% |
| Return on equity % | 47.4% | — | 25.7% | 6.6% | 0.8% | 2.7% | 7.2% | 4.6% |
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.