Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 72.2% | 73.5% | 83.9% | 84.6% | 74.7% | 68.1% | 52.7% | 62.5% |
| EBITDA margin % | 24.5% | 43.3% | 15.7% | 3.7% | 31.8% | 41.2% | 33.7% | 32.1% |
| EBIT margin % | 20.4% | 40.7% | 7.6% | -3.2% | 29.1% | 39.5% | 32.6% | 28.9% |
| PAT margin % | 20.9% | 41.2% | 8.3% | 3.8% | 23.3% | 30% | 28.3% | 34.4% |
| Working capital | ||||||||
| Receivable days | — | — | 128 | 133 | 150 | 143 | 148 | 113 |
| Inventory days | — | — | 396 | 625 | 368 | 355 | 42 | 193 |
| Payable days | — | — | 114 | 147 | 33 | 70 | 10 | 50 |
| NWC days | — | — | 410 | 612 | 484 | 429 | 181 | 256 |
| Leverage | ||||||||
| Current ratio | — | — | 13.42 | 4.09 | 2.69 | 2.26 | 9.52 | 11.61 |
| Debt to EBITDA | — | — | 0.11 | 6.12 | 0.11 | 0 | 0.17 | 0 |
| Debt to equity | — | — | 0 | 0.04 | 0.02 | 0 | 0.03 | 0 |
| Interest coverage | 4.6 | 19.4 | 6.7 | 2.5 | 26.6 | 99.9 | 38.4 | 58.2 |
| Asset turnover | — | — | 0.22 | 0.15 | 0.36 | 0.6 | 0.5 | 0.22 |
| Return ratios | ||||||||
| Return on assets % | — | — | 1.8% | 0.6% | 8.4% | 18% | 14% | 7.5% |
| Return on capital employed % | — | — | 3.1% | 1.4% | 17.3% | 46.8% | 32.9% | 11.2% |
| Return on equity % | — | — | 1.9% | 0.7% | 11.8% | 28.5% | 15.6% | 8% |
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.