Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 91.7% | 41.7% | 48.1% | 58.8% | 45% | 47.5% | 40.6% | 42.3% |
| EBITDA margin % | 16.2% | 12.7% | 18.3% | 34.4% | 17.2% | 6.3% | 9.2% | 8.3% |
| EBIT margin % | 15.4% | 11.8% | 17.3% | 33.9% | 16.7% | 5.4% | 8.4% | 7.4% |
| PAT margin % | 12.8% | 12.1% | 14.4% | 26.4% | 14.7% | 20.4% | 35.2% | 19.9% |
| Working capital | ||||||||
| Receivable days | 47 | 56 | 98 | 91 | 53 | 82 | 29 | 21 |
| Inventory days | 574 | 95 | 151 | 176 | 62 | 137 | 199 | 195 |
| Payable days | — | — | 80 | 52 | 32 | 34 | 38 | 27 |
| NWC days | — | — | 170 | 216 | 83 | 185 | 190 | 190 |
| Leverage | ||||||||
| Current ratio | 3.34 | 6.72 | 4.9 | 6.5 | 10.28 | 13 | 4.07 | 6.14 |
| Debt to EBITDA | 0.01 | 0.03 | 0.15 | 0 | 0.02 | 0.13 | 3.35 | 1.27 |
| Debt to equity | 0 | 0.01 | 0.03 | 0 | 0 | 0 | 0.15 | 0.06 |
| Interest coverage | 56.3 | 76.2 | 253 | 939.6 | 308.9 | 290.7 | 42.1 | 14.8 |
| Asset turnover | 1.3 | 1.2 | 0.85 | 1.12 | 0.96 | 0.51 | 0.39 | 0.45 |
| Return ratios | ||||||||
| Return on assets % | 16.7% | 14.6% | 12.2% | 29.7% | 14.1% | 10.5% | 13.6% | 9% |
| Return on capital employed % | 32.3% | 22.7% | 20.9% | 54.6% | 26.1% | 15.3% | 25% | 14.7% |
| Return on equity % | 22.8% | 17.1% | 15.2% | 34.8% | 15.6% | 11.4% | 17.4% | 10.5% |
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.