Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| 56.2% |
| EBITDA margin % | — | — | — | 35.1% | 43.8% | 53.2% | 31.8% | 29.2% |
| EBIT margin % | — | — | — | 31.4% | 37.8% | 46% | 20.1% | 12.1% |
| PAT margin % | — | — | — | 23.9% | 27.2% | 33.6% | 14.1% | 9.7% |
| Working capital | ||||||||
| Receivable days | — | — | — | 47 | 111 | 70 | 80 | 91 |
| Inventory days | — | — | — | 53 | 64 | 108 | 71 | 75 |
| Payable days | — | — | — | 34 | 41 | 60 | 39 | 117 |
| NWC days | — | — | — | 66 | 134 | 119 | 112 | 49 |
| Leverage | ||||||||
| Current ratio | — | — | — | 3.87 | 2.56 | 4.99 | 13.27 | 3.93 |
| Debt to EBITDA | — | — | — | 0.06 | 0.17 | 0.01 | 0 | 0.15 |
| Debt to equity | — | — | — | 0.05 | 0.12 | 0 | 0 | 0.01 |
| Interest coverage | — | — | — | 44.4 | 34.1 | 56.8 | 8.9 | 3.4 |
| Asset turnover | — | — | — | 1.67 | 1.19 | 0.67 | 0.25 | 0.24 |
| Return ratios | ||||||||
| Return on assets % | — | -0.5% | — | 39.9% | 32.2% | 22.6% | 3.5% | 2.3% |
| Return on capital employed % | — | — | — | 67.4% | 66.3% | 54.7% | 9.2% | 5.3% |
| Return on equity % | — | -1.2% | — | 56.4% | 44.2% | 25.2% | 4.5% | 2.8% |
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.