Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 56.2% | 54.3% | 46.5% | 53.3% | 47.3% |
| EBITDA margin % | 15.7% | 16.2% | 30.5% | 27.2% | 28.8% | 22.4% | 26.2% | 20.5% |
| EBIT margin % | 14.6% | 15.1% | 29.8% | 26.6% | 28.1% | 21.2% | 24.7% | 19% |
| PAT margin % | 13.7% | 15.2% | 24.1% | 20.7% | 23.4% | 20.1% | 23.9% | 23.1% |
| Working capital | ||||||||
| Receivable days | 27 | 25 | — | — | 22 | 26 | 33 | 18 |
| Inventory days | 39 | 39 | — | — | 215 | 80 | 210 | 102 |
| Payable days | 0 | 0 | — | — | 13 | 13 | 24 | 10 |
| NWC days | 66 | 64 | — | — | 224 | 93 | 218 | 110 |
| Leverage | ||||||||
| Current ratio | 36.61 | 28.41 | — | — | 8.96 | 12.47 | 8.73 | 20.05 |
| Debt to EBITDA | — | — | — | — | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | — | — | 0 | 0 | 0 | 0 |
| Interest coverage | — | — | 1,176.5 | 4,990 | 746.1 | 5,148 | 322.3 | 796.1 |
| Asset turnover | 0.98 | 0.78 | — | — | 0.78 | 0.62 | 0.49 | 0.53 |
| Return ratios | ||||||||
| Return on assets % | 13.4% | 11.8% | — | — | 18.3% | 12.4% | 11.8% | 12.3% |
| Return on capital employed % | 20% | 16.6% | — | — | 26.1% | 18.6% | 18.3% | 15.4% |
| Return on equity % | 14.6% | 12.7% | — | — | 19.8% | 13.1% | 12.5% | 12.9% |
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.