Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 52.8% | 48.4% | 40% | — | — | — | — | — |
| EBITDA margin % | 30% | 4.6% | 11.2% | 38.4% | 56.3% | 69.7% | 80.6% | 71.6% |
| EBIT margin % | 21% | -6.3% | -5.3% | 13.2% | 35.5% | 54.2% | 72.1% | 59% |
| PAT margin % | 26.1% | 56.7% | 41.5% | 112.9% | 73.2% | 88.3% | 89.9% | 96.2% |
| Working capital | ||||||||
| Receivable days | — | — | 6 | 2 | 4 | 2 | 0 | 2 |
| Inventory days | — | — | 1,599 | 1,132 | 1,355 | 1,436 | 1,220 | 1,252 |
| Payable days | — | — | 72 | 22 | 7 | 12 | 5 | 6 |
| NWC days | — | — | 1,533 | 1,113 | 1,352 | 1,427 | 1,215 | 1,248 |
| Leverage | ||||||||
| Current ratio | — | — | 6.91 | 24.78 | 19.36 | 52.54 | 65.65 | 66.4 |
| Debt to EBITDA | — | — | 8.73 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0.1 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 96.9 | 545.5 | — | — | — | — | — | — |
| Asset turnover | — | — | 0.09 | 0.06 | 0.06 | 0.07 | 0.11 | 0.07 |
| Return ratios | ||||||||
| Return on assets % | — | — | 3.6% | 6.2% | 4.7% | 6.5% | 9.7% | 7.2% |
| Return on capital employed % | — | — | 5.6% | 7.5% | 5.2% | 6.1% | 11.2% | 7.7% |
| Return on equity % | — | — | 4.2% | 6.6% | 4.9% | 6.8% | 10.3% | 7.5% |
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.