Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 65.9% | 35.6% | 30.8% | 35.4% | — | 86.7% |
| EBITDA margin % | 16% | 16.6% | 7.5% | -20.7% | 19% | 18.7% | 15.4% | 15.5% |
| EBIT margin % | 14.3% | 14.9% | 2.4% | -26.2% | 16.2% | 15.4% | 13.8% | 14.2% |
| PAT margin % | 10% | 11.7% | 0.4% | -34.1% | 11.2% | 9.9% | 10.6% | 11% |
| Working capital | ||||||||
| Receivable days | 87 | 58 | 410 | 571 | 205 | 456 | 126 | 184 |
| Inventory days | 82 | 97 | 526 | 106 | 1 | 2 | 0 | 2 |
| Payable days | — | — | 357 | 347 | 148 | 201 | — | 1,323 |
| NWC days | — | — | 580 | 330 | 58 | 257 | — | -1,137 |
| Leverage | ||||||||
| Current ratio | 1.11 | 1.47 | 3.44 | 2.3 | 0.81 | 2.01 | 1.54 | 1.6 |
| Debt to EBITDA | 0.75 | 0.5 | 2.56 | — | 2.52 | 1.58 | 0.22 | 0.14 |
| Debt to equity | 0.7 | 0.32 | 0.11 | 0.43 | 0.37 | 0.15 | 0.03 | 0.02 |
| Interest coverage | 15.3 | 21 | 1.6 | -1.5 | 5.6 | 6.5 | 37.7 | 57.7 |
| Asset turnover | 1.53 | 1.62 | 0.41 | 0.27 | 0.46 | 0.38 | 0.59 | 0.57 |
| Return ratios | ||||||||
| Return on assets % | 15.3% | 18.9% | 0.1% | -9.3% | 5.1% | 3.7% | 6.3% | 6.3% |
| Return on capital employed % | 62.6% | 62.2% | 2.2% | -9.9% | 10.8% | 8% | 12.4% | 13.1% |
| Return on equity % | 58.6% | 45.3% | 0.2% | -16.8% | 8.5% | 5.2% | 8.9% | 9.3% |
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.