Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 25.1% | 6% | 10.6% | 21.6% | 11.8% | 14.2% | -5.5% | -7.2% |
| EBIT margin % | 18.5% | -4% | -7.5% | 9.4% | -5% | -3.2% | -20.9% | -21.7% |
| PAT margin % | 12.3% | -3.8% | 5.2% | 8.6% | 23.3% | 11.5% | -8.4% | -13% |
| Working capital | ||||||||
| Receivable days | — | — | 225 | 194 | 180 | 280 | 153 | 141 |
| Inventory days | — | — | 4 | 2 | 3 | 4 | 7 | 5 |
| Payable days | — | — | 94 | 86 | 8 | 31 | 36 | 45 |
| NWC days | — | — | 135 | 111 | 175 | 253 | 124 | 101 |
| Leverage | ||||||||
| Current ratio | — | — | 3.99 | 5.34 | 28.81 | 17.26 | 6.58 | 3.93 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | — | — |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 26.9 | -2.8 | 6.6 | 18.4 | 45 | 66.4 | -31.7 | -67.2 |
| Asset turnover | — | — | 0.51 | 0.55 | 0.25 | 0.27 | 0.34 | 0.42 |
| Return ratios | ||||||||
| Return on assets % | — | — | 2.6% | 4.7% | 5.9% | 3.1% | -2.9% | -5.4% |
| Return on capital employed % | — | — | 5% | 8.2% | 8.3% | 4.4% | -3.9% | -8% |
| Return on equity % | — | — | 3.2% | 5.5% | 6.1% | 3.3% | -3.1% | -6.4% |
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.