Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Dec 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 90.3% | 89.5% | 91.7% | 90.6% | 86.2% | 76.9% | 67.3% | 69.1% |
| EBITDA margin % | 19.8% | 24.8% | 23% | 21.2% | 16.1% | 18.8% | 15.2% | 11.7% |
| EBIT margin % | 15% | 20.6% | 19.1% | 17.1% | 11.9% | 13.6% | 9.9% | 3.6% |
| PAT margin % | 13% | 16.9% | 14.9% | 13.4% | 12.8% | 13% | 19.3% | 14.2% |
| Working capital | ||||||||
| Receivable days | 6 | — | 8 | 8 | 10 | 15 | 13 | 17 |
| Inventory days | 243 | — | 462 | 397 | 216 | 140 | 96 | 117 |
| Payable days | 287 | — | 362 | 2 | 207 | 128 | 91 | 246 |
| NWC days | -38 | — | 108 | 402 | 19 | 27 | 17 | -112 |
| Leverage | ||||||||
| Current ratio | 0.98 | — | 1.26 | 1.27 | 1.75 | 2.36 | 1.24 | 0.54 |
| Debt to EBITDA | 0.02 | — | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0 |
| Debt to equity | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 22.6 | 35.5 | 32.4 | 29.5 | 26.1 | 20.2 | 40.1 | 9.6 |
| Asset turnover | 0.45 | — | 0.5 | 0.51 | 0.56 | 0.41 | 0.34 | 0.37 |
| Return ratios | ||||||||
| Return on assets % | 5.9% | — | 7.4% | 6.8% | 7.1% | 5.3% | 6.6% | 5.3% |
| Return on capital employed % | 9.3% | — | 12.9% | 11.9% | 12.8% | 9.8% | 8.8% | 3.2% |
| Return on equity % | 7.4% | — | 9.4% | 8.6% | 9% | 6.3% | 7.7% | 6.8% |
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.