Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 95.9% | — | 96.6% | 96.4% | 96.6% | 97.7% | 97.4% | 98.4% |
| EBITDA margin % | 41.4% | 32.9% | 42.4% | 31% | 1% | 6% | -2.2% | -11% |
| EBIT margin % | 33.8% | 25.2% | 36.5% | 25.9% | -4.7% | 1.6% | -6.8% | -16.3% |
| PAT margin % | 26.8% | 26% | 32% | 22.9% | 2.8% | 8.3% | 2% | -4% |
| Working capital | ||||||||
| Receivable days | — | — | 164 | 185 | 161 | 165 | 222 | 196 |
| Inventory days | — | — | 106 | 141 | 176 | 150 | 113 | 221 |
| Payable days | — | — | 1,593 | 1,934 | 1,904 | 2,143 | 1,808 | 3,602 |
| NWC days | — | — | -1,324 | -1,608 | -1,567 | -1,828 | -1,472 | -3,186 |
| Leverage | ||||||||
| Current ratio | — | — | 8.45 | 6.14 | 4.51 | 4.95 | 4.7 | 3.37 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | — | — |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | — | — | — | — | 201.3 | 8 | -99.7 |
| Asset turnover | — | — | 0.4 | 0.48 | 0.56 | 0.57 | 0.53 | 0.48 |
| Return ratios | ||||||||
| Return on assets % | — | — | 12.9% | 10.9% | 1.6% | 4.7% | 1.1% | -1.9% |
| Return on capital employed % | — | — | 19.3% | 15.5% | 1.7% | 6.1% | 0.4% | -4.5% |
| Return on equity % | — | — | 14.1% | 12.5% | 1.8% | 5.5% | 1.3% | -2.4% |
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.