Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 96% | — | 84.4% | 84.7% | 76% | 70% |
| EBITDA margin % | 14.9% | 42.1% | 55.6% | 60.3% | 49.7% | 38.1% |
| EBIT margin % | 9.5% | 32.2% | 45.5% | 54.4% | 44.9% | 33.7% |
| PAT margin % | 12.3% | 27.5% | 36.6% | 42.5% | 37% | 27.7% |
| Working capital | ||||||
| Receivable days | — | — | 84 | 131 | 147 | 171 |
| Inventory days | — | — | 23 | 31 | 45 | 34 |
| Payable days | — | — | 186 | 103 | 50 | 60 |
| NWC days | — | — | -78 | 59 | 141 | 145 |
| Leverage | ||||||
| Current ratio | — | — | 4.7 | 7.67 | 12.65 | 7.26 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 |
| Interest coverage | 438 | — | 3,042 | — | — | — |
| Asset turnover | — | — | 0.84 | 0.76 | 0.62 | 0.68 |
| Return ratios | ||||||
| Return on assets % | — | — | 30.7% | 32.5% | 23% | 18.7% |
| Return on capital employed % | — | — | 46.3% | 54.3% | 35.5% | 29% |
| Return on equity % | — | — | 34.7% | 35.5% | 24.3% | 20% |
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.