Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 53.6% | 29.8% | 13.2% | 21% | 16.3% | 17.4% | 17.2% | 20.2% |
| EBIT margin % | 20.2% | 12.6% | -0.3% | 12.5% | 9.9% | 12.6% | 13.5% | 17.7% |
| PAT margin % | 5.4% | 1.5% | -12.9% | 1.3% | -0.8% | 2.9% | 2.9% | 8.6% |
| Working capital | ||||||||
| Receivable days | — | — | 154 | 108 | 103 | 87 | 99 | 88 |
| Inventory days | — | — | 271 | 287 | 298 | 342 | 361 | 341 |
| Payable days | — | — | 96 | 59 | 19 | 73 | 90 | 99 |
| NWC days | — | — | 329 | 337 | 382 | 355 | 371 | 329 |
| Leverage | ||||||||
| Current ratio | — | — | 0.86 | 0.89 | 0.93 | 0.96 | 1.01 | 1.6 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 1.2 | 1.2 | 0 | 1.2 | 1 | 1.4 | 1.4 | 2.2 |
| Asset turnover | — | — | 0.1 | 0.11 | 0.11 | 0.11 | 0.12 | 0.13 |
| Return ratios | ||||||||
| Return on assets % | — | — | -1.2% | 0.1% | -0.1% | 0.3% | 0.3% | 1.1% |
| Return on capital employed % | — | — | 0% | 1.7% | 1.4% | 2% | 2% | 2.8% |
| Return on equity % | — | — | -1.5% | 0.2% | -0.1% | 0.4% | 0.4% | 1.4% |
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.