Standalone figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 86% | 88.6% | 90% | — | -7.1% | 92.9% |
| EBITDA margin % | — | — | 57.3% | 55.7% | -110% | — | -207.1% | 30.6% |
| EBIT margin % | — | — | 56.7% | 55% | -111.4% | — | -207.1% | 30.6% |
| PAT margin % | — | — | 74% | 70.5% | -32.9% | — | 814.3% | 116.5% |
| Working capital | ||||||||
| Receivable days | — | — | 117 | 130 | 266 | — | 287 | 125 |
| Inventory days | — | — | 2,399 | 2,598 | 5,944 | — | 1,010 | 4,684 |
| Payable days | — | — | 17 | 0 | 52 | — | 0 | 243 |
| NWC days | — | — | 2,498 | 2,728 | 6,158 | — | 1,297 | 4,565 |
| Leverage | ||||||||
| Current ratio | — | — | 3.03 | 1.96 | 6 | 4.74 | 2.1 | 1.72 |
| Debt to EBITDA | — | — | 0 | 0 | — | — | — | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | — | — | — | — | — | — | — |
| Asset turnover | — | — | 0.15 | 0.13 | 0.07 | 0 | 0.02 | 0.06 |
| Return ratios | ||||||||
| Return on assets % | — | — | 11.5% | 9.5% | -2.2% | 1.5% | 17.2% | 6.8% |
| Return on capital employed % | — | — | 16.3% | 15.1% | -1.4% | 2.3% | 27.4% | 10.4% |
| Return on equity % | — | — | 12.9% | 10.9% | -2.4% | 1.6% | 19.2% | 7.7% |
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.