Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 45% | 54.9% | 50.8% | 48.2% | 51.4% | 42.4% | 40.3% |
| EBITDA margin % | 2.9% | 2.7% | 8.6% | 8.9% | 3.2% | -0.5% | 7.7% | 5.9% |
| EBIT margin % | 1.1% | -2% | 1.9% | 3% | -1.6% | -5.2% | 6.2% | 4.2% |
| PAT margin % | 4.1% | 9.5% | 23% | 18.9% | 7.8% | 13.8% | 10.1% | 3.7% |
| Working capital | ||||||||
| Receivable days | 92 | — | 160 | 169 | 166 | 132 | 87 | 86 |
| Inventory days | 20 | — | 76 | 46 | 42 | 39 | 55 | 52 |
| Payable days | — | — | 142 | 98 | 110 | 97 | 113 | 94 |
| NWC days | — | — | 94 | 117 | 98 | 74 | 29 | 44 |
| Leverage | ||||||||
| Current ratio | 4.33 | — | 7.45 | 9.95 | 6.39 | 5.52 | 2.66 | 2.76 |
| Debt to EBITDA | 0.05 | — | 0 | 0 | 0 | — | 0 | 0 |
| Debt to equity | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 25.3 | 107.2 | 181.7 | 219.6 | 76.8 | 127.3 | 197.1 | 95.8 |
| Asset turnover | 0.62 | — | 0.17 | 0.18 | 0.2 | 0.2 | 0.85 | 0.99 |
| Return ratios | ||||||||
| Return on assets % | 2.5% | — | 3.9% | 3.4% | 1.6% | 2.8% | 8.5% | 3.7% |
| Return on capital employed % | 3.2% | — | 5.3% | 4.5% | 1.9% | 3.6% | 8.7% | 6.9% |
| Return on equity % | 2.8% | — | 4% | 3.6% | 1.6% | 3% | 10.5% | 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.