Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 42.9% | 44.7% | 55.1% | — | — | — | — | — |
| EBITDA margin % | — | — | — | 11.8% | 16.3% | 13.3% | 15.6% | 10.3% |
| EBIT margin % | — | — | — | 9.7% | 14.3% | 11% | 12.8% | 6.8% |
| PAT margin % | 5.8% | 4.9% | 12.2% | 7.8% | 12% | 9.6% | 14.2% | 5.8% |
| Working capital | ||||||||
| Receivable days | — | — | — | 19 | 30 | — | — | — |
| Inventory days | — | — | — | 74 | 79 | — | — | — |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | 1.94 | 1.96 | — | — | — |
| Debt to EBITDA | — | — | — | 1.17 | 0.47 | — | — | — |
| Debt to equity | — | — | — | 0.3 | 0.15 | — | — | — |
| Interest coverage | -0.1 | 0.1 | 0.1 | 6.7 | 11.5 | 14.8 | 17.6 | 8.5 |
| Asset turnover | 2.97 | — | — | 1.16 | 1.22 | — | — | — |
| Return ratios | ||||||||
| Return on assets % | 17.1% | — | — | 9.1% | 14.6% | — | — | — |
| Return on capital employed % | — | — | — | 21.9% | 33.3% | — | — | — |
| Return on equity % | — | — | — | 17% | 23.1% | — | — | — |
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.