Standalone figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | 72.5% | 77.3% | 66.6% | 63% |
| EBITDA margin % | 0.4% | 2.8% | -5.8% | -12.4% | -0.3% | -2% | -1.7% | -28.9% |
| EBIT margin % | -1.4% | 0.9% | -8% | -14.6% | -2.3% | -3.6% | -3.4% | -31.1% |
| PAT margin % | 6.9% | 5% | 3.3% | -6.9% | 6.4% | -0.2% | 0.3% | -20.7% |
| Working capital | ||||||||
| Receivable days | 93 | 107 | 78 | — | 70 | 70 | 115 | 118 |
| Inventory days | 42 | 48 | 59 | — | 183 | 193 | 155 | 109 |
| Payable days | — | — | — | — | 241 | 231 | 304 | 246 |
| NWC days | — | — | — | — | 12 | 32 | -33 | -19 |
| Leverage | ||||||||
| Current ratio | 1.25 | 1.54 | 1.36 | — | 1.19 | 1.16 | 1.04 | 0.77 |
| Debt to EBITDA | 42.39 | 3.5 | — | — | — | — | — | — |
| Debt to equity | 0.68 | 0.2 | 0.27 | — | 0.36 | 0.36 | 0.54 | 0.92 |
| Interest coverage | 4.5 | 5.2 | 2.7 | -1.5 | 2.8 | 5.2 | 1.9 | -3.7 |
| Asset turnover | 1.04 | 0.88 | 0.74 | — | 0.74 | 0.92 | 0.69 | 0.63 |
| Return ratios | ||||||||
| Return on assets % | 7.2% | 4.4% | 2.4% | — | 4.7% | -0.2% | 0.2% | -13% |
| Return on capital employed % | 18.2% | 16.2% | 7.2% | — | 9.7% | 17.2% | 7.5% | -26.2% |
| Return on equity % | 31.3% | 10.2% | 5.4% | — | 10.9% | -0.5% | 0.6% | -51.7% |
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.