Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 99% | — | 98.8% | 98.4% | 98.8% | 98.1% | — |
| EBITDA margin % | 5.2% | 0.3% | 1.6% | 2.8% | 4.5% | 5.5% | 5.9% | 5.6% |
| EBIT margin % | 5.1% | 0.2% | 1.6% | 2.8% | 4.4% | 5.5% | 5.8% | 5.5% |
| PAT margin % | 5.3% | 1.5% | 4.1% | 3.3% | 3.4% | 4.3% | 5.5% | 7.2% |
| Working capital | ||||||||
| Receivable days | 106 | 96 | 121 | 106 | 85 | 100 | 93 | 158 |
| Inventory days | 97 | 11,834 | 127 | 8,965 | 4,714 | 4,432 | 2,100 | 46 |
| Payable days | — | — | 159 | 12,673 | 7,920 | 10,123 | 6,901 | 189 |
| NWC days | — | — | 89 | -3,602 | -3,121 | -5,590 | -4,708 | 14 |
| Leverage | ||||||||
| Current ratio | 1.13 | 0.96 | 0.98 | 1.01 | 1.01 | 1.22 | 1.21 | 1.21 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | 37.2 | 38 | 60.6 | 333.4 | 32,003.5 | 72,573 | 83,298 |
| Asset turnover | 0.87 | 0.67 | 0.6 | 0.65 | 0.82 | 0.95 | 0.9 | 0.84 |
| Return ratios | ||||||||
| Return on assets % | 4.6% | 1% | 2.4% | 2.2% | 2.8% | 4.1% | 4.9% | 6.1% |
| Return on capital employed % | 30.5% | 14.1% | 13.7% | 17.4% | 23.1% | 28% | 29.4% | 30.4% |
| Return on equity % | 24.5% | 5.2% | 11.9% | 10.3% | 12.1% | 16.1% | 20.5% | 24.7% |
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.