Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 2.9% | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | -0.5% | 1.6% | 51.6% | 13.1% | 13.2% | 11.6% | -0.9% | 10.4% |
| EBIT margin % | -0.6% | 1.1% | 50.4% | 11% | 12.1% | 10.5% | -3% | 8.4% |
| PAT margin % | -0.2% | 0.7% | 36.7% | 12.6% | 17.4% | 18.8% | 3.6% | 12.6% |
| Working capital | ||||||||
| Receivable days | 1 | 2 | 175 | 282 | 195 | 264 | 212 | 244 |
| Inventory days | 1 | 1 | 12 | 8 | 14 | 11 | 21 | 90 |
| Payable days | — | — | 105 | 79 | 196 | 120 | 141 | 101 |
| NWC days | — | — | 82 | 210 | 14 | 155 | 91 | 232 |
| Leverage | ||||||||
| Current ratio | — | — | 3.54 | 3.67 | 4.64 | 4.69 | 3.62 | 4.47 |
| Debt to EBITDA | — | 0.26 | 0.09 | 3.74 | 0 | 3.26 | — | 0 |
| Debt to equity | 0.47 | 0.23 | 0.03 | 0.16 | 0 | 0.14 | 0.12 | 0 |
| Interest coverage | -4.5 | 6.1 | 11.7 | 5.2 | 11.1 | 11.1 | 5.8 | 10.9 |
| Asset turnover | 31.26 | 22.46 | 0.41 | 0.21 | 0.28 | 0.25 | 0.18 | 0.12 |
| Return ratios | ||||||||
| Return on assets % | -4.7% | 14.9% | 15.1% | 2.6% | 4.9% | 4.7% | 0.6% | 1.5% |
| Return on capital employed % | — | — | 31% | 8% | 10% | 10% | 6.9% | 4% |
| Return on equity % | -11.8% | 37.4% | 22.1% | 4.1% | 7.3% | 6.9% | 0.9% | 1.7% |
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.