Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 63.8% | 32.5% | 34.6% | 25.7% | 27.5% | 29.5% | 29.4% | 31.5% |
| EBITDA margin % | 13.6% | 11.5% | 12.4% | 10.6% | 12.1% | 12.3% | 11.1% | 11.3% |
| EBIT margin % | 11.2% | 8.9% | 10.2% | 9.2% | 10.6% | 10.4% | 9.7% | 9.7% |
| PAT margin % | 3.5% | 7.5% | 21% | 7.6% | 0.6% | 11.8% | 14% | 32.4% |
| Working capital | ||||||||
| Receivable days | 38 | 45 | 46 | 32 | 32 | 39 | 39 | 33 |
| Inventory days | 120 | 53 | 120 | 57 | 52 | 72 | 57 | 101 |
| Payable days | 0 | — | 5 | 5 | 4 | 7 | 2 | 16 |
| NWC days | 158 | — | 161 | 85 | 80 | 104 | 94 | 118 |
| Leverage | ||||||||
| Current ratio | — | — | 1.76 | 6.87 | 12.36 | 12.54 | 10.94 | 20.51 |
| Debt to EBITDA | 0.01 | 3.57 | 1.58 | 0 | 0.02 | 0 | 0 | 0 |
| Debt to equity | 0 | 0.18 | 0.07 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 2.6 | 2.9 | 9 | 21.2 | — | 509.6 | 540.6 | 1,337.8 |
| Asset turnover | 0.38 | 0.37 | 0.33 | 0.51 | 0.43 | 0.32 | 0.38 | 0.36 |
| Return ratios | ||||||||
| Return on assets % | 1.3% | 2.7% | 6.9% | 3.9% | 0.3% | 3.8% | 5.3% | 11.5% |
| Return on capital employed % | — | 4.7% | 10.1% | 5.3% | 5.3% | 5.2% | 6.3% | 13.8% |
| Return on equity % | 1.7% | 3.3% | 7.6% | 4% | 0.3% | 3.9% | 5.5% | 11.9% |
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.