Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 31% | 31% | 30.3% | 31.5% | ||||
| 31.8% |
| 28.9% |
| 29.3% |
| 32.7% |
| EBITDA margin % | 101.1% | 15.4% | 16.8% | 19% | 15.3% | 8% | -7.1% | -1.5% |
| EBIT margin % | 100% | 14.3% | 15.6% | 18.2% | 14.6% | 7.3% | -7.6% | -2.2% |
| PAT margin % | -0% | 25.2% | 30.4% | 712.3% | 81% | 95.2% | 129.1% | 102.6% |
| Working capital | ||||||||
| Receivable days | — | 15 | 12 | 17 | 13 | 24 | 18 | 7 |
| Inventory days | — | 65 | 64 | 137 | 150 | 107 | 121 | 55 |
| Payable days | — | 16 | 15 | 12 | 11 | 7 | 12 | 11 |
| NWC days | — | 64 | 61 | 142 | 153 | 123 | 127 | 51 |
| Leverage | ||||||||
| Current ratio | — | 41.22 | 71.8 | 69.52 | 254.66 | 376.02 | 181.43 | 260.83 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | — | — |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | 2,014 | — | — | — | — | — | — |
| Asset turnover | — | 0.39 | 0.27 | 0.1 | 0.07 | 0.05 | 0.04 | 0.03 |
| Return ratios | ||||||||
| Return on assets % | — | 9.8% | 8.2% | 69.1% | 5.9% | 4.9% | 4.8% | 2.8% |
| Return on capital employed % | — | 12.9% | 11.4% | 129.9% | 6.9% | 6.6% | 6.2% | 3.1% |
| Return on equity % | — | 10.7% | 8.8% | 71.2% | 6% | 5% | 4.9% | 2.9% |
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.