Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | 57.5% | 22.1% | 24.7% | 30.7% | 29.3% | 30.7% |
| EBITDA margin % | 14.4% | 25.8% | 13.7% | 16% | 18.1% | 18.8% | 21.3% |
| EBIT margin % | 9.1% | 19.6% | 11.9% | 14.8% | 16.3% | 17.5% | 19.4% |
| PAT margin % | 1.4% | 10.4% | 8.4% | 10.1% | 12.5% | 12.1% | 12.1% |
| Working capital | |||||||
| Receivable days | — | 42 | 29 | 51 | 199 | 129 | 40 |
| Inventory days | — | 965 | 231 | 82 | 120 | 120 | 471 |
| Payable days | — | 438 | 191 | 105 | 194 | 182 | 232 |
| NWC days | — | 568 | 69 | 27 | 125 | 66 | 280 |
| Leverage | |||||||
| Current ratio | — | 2.19 | 1.26 | 1.15 | 1.33 | 1.37 | 1.2 |
| Debt to EBITDA | — | 1.54 | 0.67 | 0.51 | 1.12 | 1.3 | 1.24 |
| Debt to equity | — | 0.45 | 0.28 | 0.28 | 0.52 | 0.74 | 0.76 |
| Interest coverage | 1.6 | 2.9 | 7.7 | 12.7 | 7 | 6.2 | 6.4 |
| Asset turnover | — | 0.3 | 0.81 | 1.28 | 0.77 | 0.8 | 0.55 |
| Return ratios | |||||||
| Return on assets % | — | 3.1% | 6.8% | 12.9% | 9.6% | 9.6% | 6.7% |
| Return on capital employed % | — | 8.3% | 19.4% | 37.7% | 35% | 38% | 38.3% |
| Return on equity % | — | 11.8% | 25.3% | 35.4% | 32.3% | 36.7% | 34.6% |
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.