Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 62.6% | 30.9% | 82% | 43% | 15.7% | 65% | 67.5% | 64.7% |
| EBIT margin % | 53.7% | 19% | 67.9% | 28.7% | 4% | 55.4% | 59.2% | 56.7% |
| PAT margin % | 49.4% | 41.7% | 44.1% | 7.1% | -9.2% | 25.5% | 30.7% | 21% |
| Working capital | ||||||||
| Receivable days | 106 | 119 | 136 | 94 | 89 | 67 | 59 | 58 |
| Inventory days | 114 | 10 | 34 | 12 | 7 | 13 | 13 | 7 |
| Payable days | 0 | 0 | 100 | 47 | 48 | 77 | 62 | 61 |
| NWC days | 220 | 129 | 70 | 59 | 47 | 4 | 10 | 3 |
| Leverage | ||||||||
| Current ratio | 1.51 | 1.59 | 1.56 | 1.29 | 1.07 | 0.83 | 0.67 | 1.02 |
| Debt to EBITDA | 7.17 | 18.72 | 9.42 | 24.77 | 57.64 | 11.23 | 9.53 | 8.67 |
| Debt to equity | 1.17 | 1.35 | 1.55 | 1.68 | 1.66 | 1.69 | 1.69 | 0.77 |
| Interest coverage | 3.7 | 2.2 | 2.3 | 1.5 | 1.2 | 1.8 | 2 | 1.4 |
| Asset turnover | 0.11 | 0.09 | 0.07 | 0.06 | 0.07 | 0.08 | 0.09 | 0.08 |
| Return ratios | ||||||||
| Return on assets % | 5.6% | 3.7% | 3.3% | 0.4% | -0.6% | 2.1% | 2.8% | 1.6% |
| Return on capital employed % | 13.5% | 8.9% | 10.6% | 6.1% | 4.5% | 7.8% | 9.4% | 8.5% |
| Return on equity % | 12.9% | 9.7% | 8.8% | 1.1% | -1.7% | 5.9% | 8.1% | 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.