Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 72.1% | 68.5% | ||||
| 74.9% |
| 53.5% |
| 49.5% |
| 43.2% |
| EBITDA margin % | 40% | 50.8% | 39.9% | 33.3% | 50.3% | 23.3% | 8.5% | -34.8% |
| EBIT margin % | 35.8% | 47.9% | 37.1% | 30.7% | 48.8% | 20.7% | 4.1% | -43.8% |
| PAT margin % | 27.8% | 34.6% | 33.5% | 25.3% | 38.2% | 17.1% | 6.3% | -28.9% |
| Working capital | ||||||||
| Receivable days | 59 | 66 | 55 | 55 | 76 | 59 | 70 | 52 |
| Inventory days | 120 | 75 | 261 | 40 | 221 | 131 | 320 | 473 |
| Payable days | — | — | 60 | 42 | 99 | 39 | 88 | 44 |
| NWC days | — | — | 256 | 54 | 197 | 150 | 302 | 480 |
| Leverage | ||||||||
| Current ratio | — | — | 9.61 | 8.41 | 5.45 | 7.77 | 7.83 | 5.58 |
| Debt to EBITDA | 0.11 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | — |
| Debt to equity | 0.04 | 0 | 0 | 0 | 0 | 0 | 0 | 0.05 |
| Interest coverage | 255.4 | 440.7 | — | 738 | 2,834.5 | 127.7 | 19.6 | -39.4 |
| Asset turnover | 0.76 | 0.91 | 0.66 | 0.6 | 0.73 | 0.63 | 0.39 | 0.21 |
| Return ratios | ||||||||
| Return on assets % | 21.2% | 31.4% | 22.2% | 15.1% | 27.9% | 10.8% | 2.5% | -6.2% |
| Return on capital employed % | — | — | 29% | 22.9% | 46.7% | 16.5% | 4.1% | -7.3% |
| Return on equity % | 26.9% | 36.8% | 24.7% | 16.7% | 31.3% | 11.8% | 2.7% | -6.8% |
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.