Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 41.4% | 34.7% | 25.2% | 26.9% | 40.7% |
| EBITDA margin % | — | — | — | 0.2% | 4.3% | 2.8% | 0.3% | -17.4% |
| EBIT margin % | — | — | — | 0.2% | 4.3% | 2.8% | 0.3% | -17.4% |
| PAT margin % | — | — | — | 16.9% | 7.6% | 11.6% | 9.2% | 10.6% |
| Working capital | ||||||||
| Receivable days | — | — | — | 4 | 17 | 4 | 16 | 0 |
| Inventory days | — | — | — | 67 | 47 | 33 | 15 | 64 |
| Payable days | — | — | — | 1 | 1 | 29 | 24 | 10 |
| NWC days | — | — | — | 70 | 63 | 8 | 6 | 54 |
| Leverage | ||||||||
| Current ratio | 957 | 6.48 | 109.17 | 28.04 | 10.16 | 6.08 | 11.47 | 38.62 |
| Debt to EBITDA | — | — | — | 0 | 0.1 | 0 | 0 | — |
| Debt to equity | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | — | — | — | 58 | 203 | 168 | 46.7 |
| Asset turnover | — | — | — | 0.33 | 0.9 | 0.52 | 0.58 | 0.33 |
| Return ratios | ||||||||
| Return on assets % | 2.5% | 1.8% | 1.7% | 5.6% | 6.9% | 6.1% | 5.4% | 3.5% |
| Return on capital employed % | 3.9% | 4.1% | 4.2% | 7.1% | 8.7% | 9.4% | 7.3% | 5.8% |
| Return on equity % | 2.5% | 2% | 1.7% | 5.8% | 7.2% | 6.6% | 5.6% | 3.6% |
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.