Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 40.4% | 31.4% | 38.2% | 36.3% | 37.7% | 35.4% | 33.3% | -70.6% |
| EBITDA margin % | 11.2% | -7.9% | -0.8% | 0.3% | -2.1% | -20.2% | -42.3% | -179.1% |
| EBIT margin % | 5.2% | -16.4% | -9.2% | -6.4% | -9.6% | -30.1% | -52% | -324.1% |
| PAT margin % | -1.3% | -19% | -6.7% | -9.1% | -11.4% | -30.9% | 81.7% | -802.9% |
| Working capital | ||||||||
| Receivable days | 120 | 100 | 105 | 89 | 80 | 79 | 94 | 1,542 |
| Inventory days | 78 | 85 | 89 | 56 | 59 | 86 | 53 | 112 |
| Payable days | 130 | 101 | 159 | 122 | 121 | 158 | 157 | 1,175 |
| NWC days | 68 | 84 | 35 | 23 | 17 | 6 | -10 | 479 |
| Leverage | ||||||||
| Current ratio | 1.03 | 0.58 | 0.57 | 0.52 | 0.42 | 0.36 | 0.53 | 0.28 |
| Debt to EBITDA | 4.21 | — | — | 238.06 | — | — | — | — |
| Debt to equity | 1.5 | 1.75 | 4.26 | 12.12 | -15.36 | -0 | 8.73 | -2.51 |
| Interest coverage | 0.8 | -1.7 | -0.1 | -0.7 | -1.1 | -2 | 0.7 | -1.6 |
| Asset turnover | 0.83 | 0.75 | 0.8 | 1.04 | 0.99 | 0.63 | 0.59 | 0.05 |
| Return ratios | ||||||||
| Return on assets % | -1.1% | -14.2% | -5.3% | -9.5% | -11.4% | -19.5% | 47.9% | -38.8% |
| Return on capital employed % | 13.2% | -27.7% | -3.4% | -36.7% | -272.7% | 85.7% | 16.1% | -312.9% |
| Return on equity % | -4.3% | -81.3% | -39.6% | -183.7% | 249.3% | 84.5% | 861.3% | 126.3% |
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.