Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 16.5% | 31.5% | 22.9% | 22.6% | 20.1% | 24.8% | 24.2% | 10.3% |
| EBITDA margin % | 3.3% | 21.5% | 11.9% | 6.1% | 9% | 11.7% | -1.6% | -29.4% |
| EBIT margin % | 0.4% | 15.8% | 3.5% | 0.5% | 7.2% | 10.4% | -3.3% | -32.6% |
| PAT margin % | 4.6% | 10% | 8% | 1.8% | 7.5% | 6.8% | 20% | -21.6% |
| Working capital | ||||||||
| Receivable days | — | — | 247 | 400 | 158 | 79 | 75 | 103 |
| Inventory days | — | — | 50 | 278 | 141 | 134 | 141 | 401 |
| Payable days | — | — | 145 | 112 | 84 | 68 | 81 | 193 |
| NWC days | — | — | 152 | 566 | 214 | 145 | 135 | 311 |
| Leverage | ||||||||
| Current ratio | — | — | 4.32 | 3.49 | 1.91 | 1.65 | 3.84 | 2.66 |
| Debt to EBITDA | — | — | 0 | 3.09 | 2.16 | 1.13 | — | — |
| Debt to equity | — | — | 0 | 0.04 | 0.09 | 0.07 | 0.01 | 0.02 |
| Interest coverage | — | 40.1 | 16.4 | 4.9 | 7.5 | 6.1 | -0.2 | -30.3 |
| Asset turnover | — | — | 0.26 | 0.2 | 0.38 | 0.41 | 0.56 | 0.24 |
| Return ratios | ||||||||
| Return on assets % | — | — | 2.1% | 0.4% | 2.9% | 2.8% | 11.1% | -5.2% |
| Return on capital employed % | — | — | 2.3% | 0.7% | 5.5% | 5.5% | -0.1% | -8.8% |
| Return on equity % | — | — | 2.3% | 0.4% | 3.4% | 3.3% | 13.5% | -7.1% |
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.