Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 71% | 60.3% | 53.1% | 63.5% | 20.1% |
| EBITDA margin % | 32.8% | 26.1% | 25.4% | 21.6% | 16% |
| EBIT margin % | 24.2% | 14.3% | 11.4% | 16.5% | 13.7% |
| PAT margin % | 19.8% | 9.5% | 5.4% | 7.6% | 8.5% |
| Working capital | |||||
| Receivable days | 33 | 126 | 215 | 180 | — |
| Inventory days | 605 | 270 | 389 | 566 | 170 |
| Payable days | — | — | — | — | — |
| NWC days | — | — | — | — | — |
| Leverage | |||||
| Current ratio | 9.32 | 9.95 | 22.7 | 5.51 | 1.76 |
| Debt to EBITDA | 0.62 | 0.81 | 2.16 | 1.2 | — |
| Debt to equity | 0.15 | 0.23 | 0.52 | 0.24 | — |
| Interest coverage | 10.5 | 7.3 | 2.5 | 2.2 | 4.6 |
| Asset turnover | 0.48 | 0.67 | 0.46 | 0.39 | 0.61 |
| Return ratios | |||||
| Return on assets % | 9.5% | 6.4% | 2.5% | 3% | 5.1% |
| Return on capital employed % | 15.2% | 11.3% | 7.1% | 11% | 24.8% |
| Return on equity % | 14.9% | 10.2% | 5.1% | 7.1% | — |
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.