Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 49.3% | 13.2% | 26% | 26.4% | 22.5% | 21.8% |
| EBITDA margin % | 49.5% | 1.5% | 36.2% | 8.6% | 22.2% | 23.6% | 19.5% | 19.2% |
| EBIT margin % | 46.3% | -6.6% | 34.1% | 8.5% | 22.2% | 22.9% | 19.1% | 19% |
| PAT margin % | 6.2% | -54.6% | 30.8% | 13.3% | 17.4% | 16.6% | 14.4% | 14.5% |
| Working capital | ||||||||
| Receivable days | — | — | 118 | 107 | 65 | 155 | 114 | 128 |
| Inventory days | — | — | 44 | 5 | 53 | 17 | 2 | 16 |
| Payable days | — | — | 260 | 159 | 111 | 168 | 69 | 108 |
| NWC days | — | — | -98 | -47 | 7 | 3 | 46 | 37 |
| Leverage | ||||||||
| Current ratio | — | — | 3.71 | 1.63 | 1.16 | 1.32 | 1.33 | 1.35 |
| Debt to EBITDA | — | — | 13.43 | 0.01 | 0 | 0.2 | 0.09 | 0.13 |
| Debt to equity | — | — | 1.13 | 0 | 0 | 0.16 | 0.06 | 0.09 |
| Interest coverage | 1.4 | 0.9 | 1.7 | 18.7 | 68.6 | 30.3 | 21.6 | 49.4 |
| Asset turnover | — | — | 0.09 | 1.16 | 1.34 | 1.23 | 1.42 | 1.42 |
| Return ratios | ||||||||
| Return on assets % | — | — | 2.8% | 15.4% | 23.3% | 20.3% | 20.5% | 20.6% |
| Return on capital employed % | — | — | 9% | 44.5% | 97.9% | 100.6% | 79.6% | 85.7% |
| Return on equity % | — | — | 7.1% | 39.1% | 53.3% | 58.8% | 50.3% | 51.4% |
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.