Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 11.4% | -11.1% | -4.7% | -13.9% | -15.1% | 8.6% | 4.8% | 8% |
| EBIT margin % | 8.4% | -19.9% | -13.6% | -22.6% | -20.7% | 4.6% | -2.2% | 2.4% |
| PAT margin % | 7.9% | -13.6% | -23.3% | 51.1% | -13.6% | 10.1% | 12.1% | 3.4% |
| Working capital | ||||||||
| Receivable days | 73 | 65 | 70 | 89 | 53 | 53 | 62 | 60 |
| Inventory days | 53 | 60 | 66 | 80 | 59 | 42 | 49 | 42 |
| Payable days | — | 1 | 3 | 4 | 6 | 61 | 47 | 52 |
| NWC days | — | 124 | 133 | 165 | 106 | 34 | 64 | 49 |
| Leverage | ||||||||
| Current ratio | 1.84 | 1.13 | 0.92 | 1.4 | 1.18 | 1.19 | 1.37 | 1.69 |
| Debt to EBITDA | 4.09 | — | — | — | — | 2.4 | 3.01 | 0.88 |
| Debt to equity | 0.51 | 0.71 | 0.93 | 0.14 | 0.17 | 0.26 | 0.12 | 0.08 |
| Interest coverage | 117.9 | -2.2 | -1 | -1.7 | -12.8 | 4.9 | 1.1 | 4.8 |
| Asset turnover | 0.59 | 0.35 | 0.43 | 0.45 | 0.63 | 0.82 | 0.65 | 0.87 |
| Return ratios | ||||||||
| Return on assets % | 4.7% | -4.8% | -10% | 22.9% | -8.6% | 8.2% | 7.9% | 2.9% |
| Return on capital employed % | 8.2% | -7.8% | -5.8% | -9.9% | -13.3% | 9.8% | 2% | 5.3% |
| Return on equity % | 8.6% | -10.2% | -25.3% | 33.5% | -12.8% | 12.5% | 9.9% | 3.7% |
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.