Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 92.3% | 92.9% | 93.8% | — | — | 94.9% | — |
| EBITDA margin % | 13.5% | 17.3% | 11.8% | -6.3% | 8.6% | 5.8% | -5.5% | 10.9% |
| EBIT margin % | 9% | 8.5% | -0.2% | -19% | 2.3% | 0.8% | -9.3% | 3.3% |
| PAT margin % | 5.9% | 6.3% | 0.3% | 0.5% | 2% | 0.3% | 1.1% | 1% |
| Working capital | ||||||||
| Receivable days | — | — | 245 | 339 | 263 | 294 | 348 | 346 |
| Inventory days | — | — | 849 | 1,350 | 97 | 126 | 2,377 | 215 |
| Payable days | — | — | 828 | 462 | 17 | 10 | 197 | 6 |
| NWC days | — | — | 266 | 1,228 | 343 | 410 | 2,528 | 555 |
| Leverage | ||||||||
| Current ratio | — | — | 3.78 | 3.84 | 3.73 | 3.38 | 3.13 | 3.21 |
| Debt to EBITDA | — | — | 0.02 | — | 0.22 | 0.09 | — | 0 |
| Debt to equity | — | — | 0 | 0.02 | 0.01 | 0 | 0 | 0 |
| Interest coverage | 6.2 | 5.7 | 1.5 | 5 | 7.1 | 2.1 | 2.1 | 1.4 |
| Asset turnover | — | — | 0.54 | 0.37 | 0.41 | 0.41 | 0.37 | 0.29 |
| Return ratios | ||||||||
| Return on assets % | — | — | 0.2% | 0.2% | 0.8% | 0.1% | 0.4% | 0.3% |
| Return on capital employed % | — | — | 0.9% | 0.7% | 1.9% | 1.2% | 2.6% | 2.3% |
| Return on equity % | — | — | 0.2% | 0.2% | 1% | 0.1% | 0.5% | 0.4% |
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.