Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 93.1% | 97.9% | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 41.4% | 24.6% | 24.4% | 37.7% | 27.5% | 30.2% | 33.3% | 28.2% |
| EBIT margin % | 36.7% | 15.4% | 15.9% | 30.5% | 19% | 20.2% | 23.7% | 16.6% |
| PAT margin % | 32.9% | 23.9% | 15% | 26.3% | 18.7% | 20.2% | 24.1% | 18.2% |
| Working capital | ||||||||
| Receivable days | 33 | 47 | 70 | 44 | 39 | 53 | 34 | 35 |
| Inventory days | 44 | 83 | 498 | 1,207 | 64 | 77 | 100 | 125 |
| Payable days | — | — | — | — | 11 | 14 | 16 | 16 |
| NWC days | — | — | — | — | 91 | 116 | 117 | 144 |
| Leverage | ||||||||
| Current ratio | — | — | — | — | 3.66 | 4.11 | 3.56 | 3.02 |
| Debt to EBITDA | — | — | — | — | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | — | — | 0 | 0 | 0 | 0 |
| Interest coverage | — | — | — | 699.5 | — | — | — | — |
| Asset turnover | 0.4 | 0.31 | 0.35 | 0.56 | 0.5 | 0.5 | 0.49 | 0.46 |
| Return ratios | ||||||||
| Return on assets % | 13.1% | 7.5% | 5.2% | 14.6% | 9.3% | 10.2% | 11.9% | 8.3% |
| Return on capital employed % | — | — | 8.6% | 17.4% | 13.6% | 16% | 18.4% | 12.3% |
| Return on equity % | 15.4% | 9% | 6.3% | 17.6% | 11.2% | 12% | 14.5% | 9.9% |
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.