Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 98.3% | — | — | 98.2% | — | 93.3% | — | — |
| EBITDA margin % | 73.4% | 67.9% | 50.1% | 58% | 49.2% | 19.8% | 34.6% | 34.4% |
| EBIT margin % | 58.6% | 54.6% | 31.4% | 46.6% | 42% | 14.1% | 24.7% | 22.3% |
| PAT margin % | 62.9% | 78.3% | 65.4% | 27.5% | 43% | 18.1% | 48.2% | 43.9% |
| Working capital | ||||||||
| Receivable days | — | 71 | 103 | 38 | 41 | 159 | 31 | 39 |
| Inventory days | — | 139 | 224 | 906 | 148 | 449 | 378 | 867 |
| Payable days | — | 80 | 89 | 2,734 | 180 | 1,554 | 245 | 207 |
| NWC days | — | 130 | 238 | -1,790 | 9 | -946 | 164 | 700 |
| Leverage | ||||||||
| Current ratio | — | 2.39 | 3.08 | 1.27 | 1.45 | 1.88 | 2.34 | 1.24 |
| Debt to EBITDA | — | 0 | 3.01 | 3.38 | 1.51 | 0.81 | 0.47 | 0.31 |
| Debt to equity | — | 0 | 0.21 | 0.33 | 0.31 | 0.07 | 0.04 | 0.02 |
| Interest coverage | 106.4 | 23.1 | 7.7 | 10.4 | 7.8 | 7.1 | 25.8 | 24.2 |
| Asset turnover | — | 0.2 | 0.1 | 0.1 | 0.24 | 0.31 | 0.19 | 0.13 |
| Return ratios | ||||||||
| Return on assets % | — | 15.6% | 6.3% | 2.8% | 10.4% | 5.6% | 9.1% | 5.5% |
| Return on capital employed % | — | 15.6% | 5.1% | 7.9% | 17.1% | 8.3% | 12.1% | 5.8% |
| Return on equity % | — | 21.2% | 8.9% | 4.7% | 17.6% | 8.3% | 12.7% | 8.6% |
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.