Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | 96.6% | 96% | — | 98% | 91% | 88.6% |
| EBITDA margin % | — | 27.3% | 33.7% | 40.7% | 42.3% | 33.5% | 40.2% |
| EBIT margin % | — | 26.1% | 32.4% | 39.4% | 41.2% | 32.3% | 39.1% |
| PAT margin % | 16% | 17.6% | 23.3% | 27.9% | 27% | 21.7% | 24.3% |
| Working capital | |||||||
| Receivable days | — | 2 | 2 | — | — | — | — |
| Inventory days | — | 1,809 | 365 | 1 | 0 | 0 | 0 |
| Payable days | — | 9,483 | 8,885 | — | — | — | — |
| NWC days | — | -7,672 | -8,518 | — | — | — | — |
| Leverage | |||||||
| Current ratio | — | 1.1 | 1.25 | — | — | — | — |
| Debt to EBITDA | — | 0.85 | 0.19 | 0.43 | 0.51 | 0.92 | 1.16 |
| Debt to equity | — | 0.35 | 0.12 | 0.17 | 0.17 | 0.18 | 0.25 |
| Interest coverage | -0.4 | 6.6 | 9.1 | 9.3 | 6.6 | 5.7 | 4.8 |
| Asset turnover | — | 0.5 | 0.54 | 0.54 | 0.47 | 0.35 | 0.3 |
| Return ratios | |||||||
| Return on assets % | — | 8.7% | 12.6% | 15% | 12.7% | 7.6% | 7.4% |
| Return on capital employed % | — | 39% | 68.5% | — | — | — | — |
| Return on equity % | — | 26.1% | 41.4% | 27.4% | 20.8% | 12.6% | 13.3% |
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.