Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 69.6% | 85.5% | 86% | 89.6% | 89.9% | 93% |
| EBITDA margin % | 49.6% | 44.5% | 49.8% | 68.6% | 64.6% | 70.4% | 57.2% | 74.8% |
| EBIT margin % | 44.1% | 38.6% | 37.9% | 51.5% | 46.2% | 50% | 33% | 47% |
| PAT margin % | 27.2% | 27% | 18.5% | 32.8% | 32.2% | 38% | 21.1% | 29.8% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | 103 | — | 119 | 107 |
| Inventory days | — | — | — | — | 96 | — | 150 | 189 |
| Payable days | — | — | — | — | 742 | — | 321 | 766 |
| NWC days | — | — | — | — | -542 | — | -52 | -470 |
| Leverage | ||||||||
| Current ratio | — | — | — | — | 0 | — | 1.52 | 1.87 |
| Debt to EBITDA | — | — | — | — | 1.03 | — | 1.11 | 0.87 |
| Debt to equity | — | — | — | — | 0.41 | — | 0.31 | 0.28 |
| Interest coverage | 7 | 10 | 5.1 | 5.1 | 4.7 | 4.7 | 4.4 | 4.8 |
| Asset turnover | — | 0.55 | — | — | 0.3 | — | 0.29 | 0.23 |
| Return ratios | ||||||||
| Return on assets % | — | 14.9% | — | — | 9.7% | — | 6% | 6.9% |
| Return on capital employed % | — | — | — | — | 19.9% | — | 13% | 15.4% |
| Return on equity % | — | — | — | — | 19.8% | — | 10.1% | 12.7% |
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.