Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 53.4% | 48.1% | 30.5% | 28.7% | 30.5% | 30.7% |
| EBITDA margin % | 28.9% | 21.8% | -13.8% | -11.8% | -8.5% | -1.8% |
| EBIT margin % | 28.7% | 21.3% | -15.8% | -14.1% | -10.4% | -3% |
| PAT margin % | 21.8% | 17.7% | -7.5% | -2.6% | -0.6% | 0.2% |
| Working capital | ||||||
| Receivable days | 0 | 4 | 14 | 7 | 14 | 24 |
| Inventory days | 135 | 174 | 154 | 156 | 163 | 162 |
| Payable days | 32 | 13 | 23 | 27 | 26 | 23 |
| NWC days | 103 | 165 | 145 | 136 | 151 | 164 |
| Leverage | ||||||
| Current ratio | 9.61 | 17 | 21.35 | 21.57 | 17.66 | 7.46 |
| Debt to EBITDA | 0.06 | 0 | — | — | — | — |
| Debt to equity | 0.02 | 0 | 0 | 0 | 0.01 | 0 |
| Interest coverage | 40.1 | 85 | -24.5 | -6.1 | 0.6 | 3.8 |
| Asset turnover | 1.15 | 1.16 | 0.54 | 0.46 | 0.56 | 0.76 |
| Return ratios | ||||||
| Return on assets % | 25% | 20.6% | -4.1% | -1.2% | -0.3% | 0.2% |
| Return on capital employed % | 38.4% | 33.1% | -5.2% | -1.4% | 0.3% | 2.1% |
| Return on equity % | 28.5% | 22.2% | -4.3% | -1.3% | -0.3% | 0.2% |
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.