Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 59.2% | 70.7% | 49.4% | 67.4% | 79% | 79.2% | 78.5% | 77.5% |
| EBIT margin % | 27.3% | -78.4% | -77.1% | -23.3% | -4.9% | 5.7% | 15.7% | 34.9% |
| PAT margin % | 19.6% | -26.4% | 82.5% | 54.9% | 119.5% | 106.6% | 80.3% | 115% |
| Working capital | ||||||||
| Receivable days | 101 | — | — | 0 | 0 | 0 | 0 | 0 |
| Inventory days | 136 | — | — | 78 | 127 | 58 | 53 | 37 |
| Payable days | — | — | — | 42 | 59 | 41 | 30 | 11 |
| NWC days | — | — | — | 37 | 68 | 17 | 23 | 26 |
| Leverage | ||||||||
| Current ratio | 0.74 | — | — | 1.7 | 4.15 | 5.38 | 6.2 | 10.58 |
| Debt to EBITDA | 2.2 | — | — | 0 | 0 | 0.04 | 0.13 | 0.11 |
| Debt to equity | 0.09 | — | — | 0 | 0 | 0 | 0.01 | 0.01 |
| Interest coverage | 3.3 | -4.7 | 11.2 | 77 | — | — | — | 432 |
| Asset turnover | 0.06 | — | — | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 |
| Return ratios | ||||||||
| Return on assets % | 1.2% | — | — | 3.8% | 7.3% | 6.3% | 4.6% | 6.9% |
| Return on capital employed % | 1.8% | — | — | 5.1% | 9.3% | 8.4% | 8.5% | 9.9% |
| Return on equity % | 1.3% | — | — | 3.9% | 7.5% | 6.5% | 4.8% | 7.2% |
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.