Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 24.9% | 22.5% | 54.6% | 35.7% | 24.6% | 24.2% | 20.6% | 28.4% |
| EBITDA margin % | 1% | -4.4% | 4.8% | 4.5% | 6.3% | 5.7% | 1.4% | 6.1% |
| EBIT margin % | 0.1% | -5.5% | 3.7% | 3.7% | 5.6% | 4.9% | 0.6% | 5.3% |
| PAT margin % | -0.4% | -4.3% | 0.6% | 2.2% | 3.9% | 3.4% | 0.2% | 3.9% |
| Working capital | ||||||||
| Receivable days | — | — | 2 | 2 | 1 | 2 | 1 | 1 |
| Inventory days | — | — | 87 | 71 | 32 | 48 | 42 | 53 |
| Payable days | — | — | 36 | 30 | 16 | 26 | 20 | 25 |
| NWC days | — | — | 52 | 42 | 17 | 24 | 23 | 29 |
| Leverage | ||||||||
| Current ratio | — | — | 0.54 | 0.72 | 1.03 | 1.24 | 1.01 | 1.43 |
| Debt to EBITDA | — | — | 4.56 | 3.39 | 0.74 | 0.62 | 3.05 | 0.41 |
| Debt to equity | — | — | 6.43 | 3.31 | 0.67 | 0.32 | 0.39 | 0.18 |
| Interest coverage | 0.3 | -6.3 | 4.4 | 5.4 | 15.6 | 17.4 | 1.9 | 35.3 |
| Asset turnover | — | — | 2.98 | 3.48 | 5.74 | 4.38 | 4.23 | 3.99 |
| Return ratios | ||||||||
| Return on assets % | — | — | 1.7% | 7.7% | 22.3% | 15% | 1% | 15.5% |
| Return on capital employed % | — | — | 35.3% | 42.4% | 67.7% | 38.7% | 4.5% | 39% |
| Return on equity % | — | — | 16.7% | 48.1% | 56.3% | 31.6% | 2.2% | 28.4% |
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.