Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 98% | 98.1% | — | — | — | — | 98.8% | 80.9% |
| EBITDA margin % | 57% | 51.4% | 57.2% | 48.6% | 34.3% | 34.5% | 34.9% | 29.4% |
| EBIT margin % | 54.7% | 48.9% | 55.7% | 47.5% | 32.4% | 33% | 33.3% | 27.9% |
| PAT margin % | 38.2% | 30.9% | 40.7% | 36.3% | 31.3% | 26.5% | 28.3% | 23.5% |
| Working capital | ||||||||
| Receivable days | 43 | 69 | 51 | 42 | 55 | 60 | 119 | 106 |
| Inventory days | 1,023 | 1,170 | 51 | 59 | 84 | 72 | 3,289 | 153 |
| Payable days | 3 | 3 | 20 | 27 | 13 | 10 | 374 | 23 |
| NWC days | 1,062 | 1,236 | 82 | 75 | 125 | 122 | 3,035 | 236 |
| Leverage | ||||||||
| Current ratio | 2.6 | 2.48 | 1.95 | 2.28 | 3.75 | 2.56 | 2.42 | 2.43 |
| Debt to EBITDA | 0.05 | 0.19 | 0.23 | 0.28 | 0.07 | 0.46 | 0.46 | 0.63 |
| Debt to equity | 0.01 | 0.04 | 0.07 | 0.1 | 0.02 | 0.13 | 0.13 | 0.17 |
| Interest coverage | 179.5 | 630.5 | 530.5 | 333.3 | 86.1 | 107 | 53.3 | 84.8 |
| Asset turnover | 0.41 | 0.38 | 0.42 | 0.58 | 0.63 | 0.6 | 0.58 | 0.66 |
| Return ratios | ||||||||
| Return on assets % | 15.6% | 11.6% | 17% | 21% | 19.8% | 15.9% | 16.4% | 15.5% |
| Return on capital employed % | 28% | 22.6% | 29.9% | 37.7% | 21.1% | 33% | 32.6% | 30.6% |
| Return on equity % | 17.9% | 13.1% | 21% | 27% | 24.8% | 22.2% | 22.6% | 21.9% |
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.