Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 79.9% | 79% | 76.2% | 76.3% | 74.8% | 73.7% | 73.7% | 75.6% |
| EBITDA margin % | -19.1% | 9.7% | 4.4% | 13.4% | 12.6% | 16.3% | 17.7% | 22.2% |
| EBIT margin % | -23.2% | -4.1% | -13.1% | 0.3% | 1.6% | 7.8% | 9.9% | 15.6% |
| PAT margin % | 18.8% | 73.1% | 0.7% | -1.5% | 9.1% | 16.9% | 4.4% | 12.9% |
| Working capital | ||||||||
| Receivable days | — | — | 43 | 32 | 34 | 41 | 46 | 49 |
| Inventory days | — | — | 21 | 25 | 18 | 15 | 16 | 18 |
| Payable days | — | — | 520 | 494 | 572 | 608 | 643 | 399 |
| NWC days | — | — | -456 | -438 | -520 | -553 | -581 | -332 |
| Leverage | ||||||||
| Current ratio | — | — | 0.82 | 0.88 | 0.88 | 1.01 | 0.49 | 0.33 |
| Debt to EBITDA | — | — | 27.95 | 5.57 | 5.9 | 3.42 | 7.98 | 4.96 |
| Debt to equity | — | — | 0.09 | 0.07 | 0.09 | 0.07 | 0.22 | 0.21 |
| Interest coverage | 1.9 | 5.7 | 0.8 | 1.1 | 1.6 | 2.9 | 3.1 | 2.2 |
| Asset turnover | — | — | 0.06 | 0.08 | 0.1 | 0.11 | 0.12 | 0.15 |
| Return ratios | ||||||||
| Return on assets % | — | — | 0% | -0.1% | 0.9% | 1.9% | 0.5% | 1.9% |
| Return on capital employed % | — | — | 1.1% | 1.4% | 1.7% | 2.4% | 3.3% | 4% |
| Return on equity % | — | — | 0% | -0.1% | 1.1% | 2.2% | 0.7% | 2.5% |
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.