Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 45.4% | 47.1% | 41.6% | 39.5% | 43.5% | 44.9% | — | — |
| EBITDA margin % | 9.2% | 5.6% | 5% | 6.3% | 11.1% | 16.3% | — | 89.8% |
| EBIT margin % | 6.2% | 1.3% | 1.4% | 4.1% | 8.5% | 13.8% | — | 89.8% |
| PAT margin % | 12.5% | 15.6% | 9.9% | 13.8% | 68.5% | 20.1% | — | 86.6% |
| Working capital | ||||||||
| Receivable days | 41 | 43 | 46 | 24 | 27 | 40 | — | 0 |
| Inventory days | 258 | 269 | 198 | 145 | 124 | 83 | — | 0 |
| Payable days | — | — | 95 | 82 | 77 | 84 | — | 20 |
| NWC days | — | — | 149 | 87 | 74 | 39 | — | -20 |
| Leverage | ||||||||
| Current ratio | 6.89 | 9.97 | 6.2 | 4.99 | 3.08 | 3.23 | 14.65 | 168.33 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | — | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | 800.5 | 956 | 2,039 | 55.4 | 85.9 | — | — |
| Asset turnover | 0.23 | 0.24 | 0.15 | 0.16 | 0.19 | 0.17 | 0 | 0.01 |
| Return ratios | ||||||||
| Return on assets % | 2.8% | 3.7% | 1.5% | 2.2% | 13.4% | 3.4% | 0.6% | 1% |
| Return on capital employed % | 3.9% | 4.1% | 2.2% | 3.5% | 4.4% | 5.4% | 0.6% | 0.9% |
| Return on equity % | 3% | 3.8% | 1.6% | 2.4% | 14.6% | 3.8% | 0.7% | 1.1% |
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.