Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 65.3% | 45.3% | 85.7% | 82.4% | 90.9% |
| EBITDA margin % | 30.7% | 32% | 36.4% | 43.3% | 18.5% | 25.6% | 33.9% | 42.7% |
| EBIT margin % | 29.5% | 29.3% | 32.8% | 40.8% | 15.4% | 21% | 30.8% | 39.5% |
| PAT margin % | 20.3% | 24.3% | 20.6% | 30% | 12.7% | 19% | 22.9% | 27% |
| Working capital | ||||||||
| Receivable days | 11 | 19 | 37 | 33 | 25 | 10 | 0 | 1 |
| Inventory days | 49 | 147 | 121 | 145 | 92 | 794 | 346 | 546 |
| Payable days | — | — | — | 266 | 79 | 275 | 127 | 211 |
| NWC days | — | — | — | -88 | 37 | 529 | 219 | 336 |
| Leverage | ||||||||
| Current ratio | — | — | — | 2.26 | 3.47 | 4.86 | 1.96 | 1.64 |
| Debt to EBITDA | 0 | 2.12 | 1.34 | 0.32 | 0.52 | 0.41 | 1.55 | 0.38 |
| Debt to equity | 0 | 0.48 | 0.37 | 0.19 | 0.11 | 0.06 | 0.39 | 0.1 |
| Interest coverage | 35.3 | 26.4 | 20.1 | 24.8 | 13.9 | 17.2 | 9.2 | 7 |
| Asset turnover | 0.81 | 0.4 | 0.43 | 0.83 | 0.84 | 0.48 | 0.49 | 0.53 |
| Return ratios | ||||||||
| Return on assets % | 16.5% | 9.8% | 8.9% | 25% | 10.7% | 9.2% | 11.3% | 14.4% |
| Return on capital employed % | — | 12.9% | — | 49.2% | 19.1% | 15.6% | 22.9% | 24.8% |
| Return on equity % | 20.2% | 17.1% | 15.5% | 40.7% | 14% | 11% | 17.2% | 17.5% |
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.