Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 93.9% | 87.5% | 83.8% | 85.4% | 90% | 90.4% | 90.5% | 90.2% |
| EBITDA margin % | 20.9% | 16.7% | -63.5% | -2.3% | 31.8% | 35.9% | 36.2% | 33.7% |
| EBIT margin % | 12.9% | 6.8% | -91.2% | -15.7% | 25.3% | 30.4% | 31.1% | 28.8% |
| PAT margin % | 7.3% | 9.2% | -79.3% | -13.7% | 18.1% | 23.8% | 31.3% | 20.4% |
| Working capital | ||||||||
| Receivable days | — | 52 | 61 | 45 | 43 | 31 | 34 | 35 |
| Inventory days | — | 113 | 227 | 120 | 114 | 100 | 88 | 82 |
| Payable days | — | 3 | 794 | 410 | 413 | 403 | 397 | 400 |
| NWC days | — | 162 | -506 | -245 | -256 | -272 | -275 | -284 |
| Leverage | ||||||||
| Current ratio | — | 0.61 | 0.55 | 0.66 | 1.3 | 1.91 | 2.33 | 2.28 |
| Debt to EBITDA | — | 1.64 | — | — | 0.1 | 0 | 0 | 0 |
| Debt to equity | — | 0.13 | 0.1 | 0.12 | 0.02 | 0 | 0 | 0 |
| Interest coverage | 6.1 | 3.5 | -8.7 | -2.5 | 17.5 | 49 | 56.6 | 59.9 |
| Asset turnover | — | 0.35 | 0.12 | 0.24 | 0.46 | 0.51 | 0.47 | 0.47 |
| Return ratios | ||||||||
| Return on assets % | — | 3.2% | -9.4% | -3.3% | 8.3% | 12% | 14.8% | 9.7% |
| Return on capital employed % | — | 5.2% | -10.6% | -2.6% | 15.5% | 21.6% | 20.9% | 19.4% |
| Return on equity % | — | 4.3% | -11.7% | -4.2% | 10.3% | 14.6% | 17.7% | 11.5% |
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.