Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 37.5% | 66.7% | 59.2% | 37.4% | 64.8% | 57.2% | 54.7% | 88.4% |
| EBITDA margin % | 27% | 45.8% | 38.4% | 26.6% | 33.9% | 45.3% | 42% | 70% |
| EBIT margin % | 26% | 42.2% | 34.8% | 25% | 30% | 43.5% | 40.5% | 67.3% |
| PAT margin % | 23.9% | 35.6% | 30.2% | 19.6% | 26.1% | 38.2% | 32.6% | 56.5% |
| Working capital | ||||||||
| Receivable days | 20 | — | 45 | 7 | 13 | 25 | 14 | 7 |
| Inventory days | 319 | — | 2,344 | 1,367 | 6,569 | 2,472 | 2,325 | 27,985 |
| Payable days | — | — | 219 | 48 | 60 | 74 | 35 | 143 |
| NWC days | — | — | 2,169 | 1,326 | 6,523 | 2,423 | 2,305 | 27,849 |
| Leverage | ||||||||
| Current ratio | 16.86 | — | 7.08 | 21.88 | 7.56 | 6.4 | 2.03 | 1.76 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 1,471 | — | — | 2,405 | 58.7 | 683.3 | 94.1 | 186.9 |
| Asset turnover | 0.32 | — | 0.08 | 0.17 | 0.06 | 0.14 | 0.11 | 0.05 |
| Return ratios | ||||||||
| Return on assets % | 7.6% | — | 2.4% | 3.4% | 1.7% | 5.2% | 3.6% | 3% |
| Return on capital employed % | 10% | — | 3.6% | 4.8% | 2.3% | 6.9% | 7.3% | 6.2% |
| Return on equity % | 8% | — | 2.7% | 3.6% | 1.8% | 5.9% | 5.6% | 5.3% |
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.