Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 17.4% | 19.3% | 23.6% | 27.4% | 27.2% | 26.9% |
| EBITDA margin % | -6.5% | -5.2% | -5.6% | 2.6% | -1% | -9.9% | -3.9% | 0.7% |
| EBIT margin % | -7.5% | -6.4% | -6.5% | 1.9% | -2.3% | -11.8% | -5.9% | -0.9% |
| PAT margin % | -4.9% | 7.4% | 25.9% | 6.5% | 7.1% | 12% | 8.6% | 10.5% |
| Working capital | ||||||||
| Receivable days | — | — | 45 | 44 | 99 | 56 | 74 | 46 |
| Inventory days | — | — | 16 | 15 | 20 | 36 | 23 | 23 |
| Payable days | — | — | 35 | 26 | 41 | 50 | 56 | 58 |
| NWC days | — | — | 26 | 33 | 77 | 42 | 40 | 10 |
| Leverage | ||||||||
| Current ratio | — | — | 7.25 | 4 | 10.33 | 4.8 | 4.27 | 8.24 |
| Debt to EBITDA | — | — | — | 0 | — | — | — | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | — | — | 245 | 210 | 130 | 222 | 146 |
| Asset turnover | — | — | 0.69 | 0.62 | 0.39 | 0.27 | 0.32 | 0.4 |
| Return ratios | ||||||||
| Return on assets % | — | — | 17.8% | 4% | 2.8% | 3.3% | 2.7% | 4.1% |
| Return on capital employed % | — | — | -2.4% | 6.8% | 4.5% | 2.7% | 4.5% | 5.6% |
| Return on equity % | — | — | 18.5% | 4.3% | 3% | 3.4% | 2.9% | 4.5% |
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.