Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 73.7% | 60.8% | 62.2% | 78.3% | 44% | 53.9% | 70.6% | 67% |
| EBITDA margin % | 24.5% | -1.7% | 3.1% | 25.8% | 17.2% | 22.6% | 23% | 21.9% |
| EBIT margin % | 22.1% | -6.2% | -2.3% | 23.8% | 16.3% | 21.6% | 21.1% | 18.6% |
| PAT margin % | 65.2% | 64.3% | 77.3% | 44.7% | 20.8% | 27.6% | 39.7% | 54.2% |
| Working capital | ||||||||
| Receivable days | — | — | 127 | 118 | 99 | 32 | 55 | 46 |
| Inventory days | — | — | 14 | 22 | 1 | 4 | 10 | 4 |
| Payable days | — | — | 171 | 144 | 87 | 55 | 145 | 72 |
| NWC days | — | — | -30 | -5 | 13 | -19 | -81 | -22 |
| Leverage | ||||||||
| Current ratio | — | — | 7.45 | 8.18 | 3.87 | 6.41 | 12.1 | 12.87 |
| Debt to EBITDA | — | — | 0 | 0 | 0.08 | 0.05 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0.01 | 0.01 | 0 | 0 |
| Interest coverage | 93.1 | 81.5 | 91.8 | 313.4 | 46.4 | 50 | 49.8 | 47.8 |
| Asset turnover | — | — | 0.12 | 0.21 | 0.57 | 0.45 | 0.22 | 0.13 |
| Return ratios | ||||||||
| Return on assets % | — | — | 8.9% | 9.5% | 11.9% | 12.4% | 8.9% | 7% |
| Return on capital employed % | — | — | 11.9% | 13.6% | 19.8% | 19.5% | 13.5% | 10.9% |
| Return on equity % | — | — | 9.9% | 10.5% | 14.6% | 14% | 9.5% | 7.4% |
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.