Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 31.3% | -10.6% | -106.2% | 73.9% | 72% | 66.2% | 85.8% | -44.7% |
| EBIT margin % | 31.3% | -11.3% | -106.3% | 73.9% | 72% | 66.2% | 85.8% | -44.7% |
| PAT margin % | 25.8% | 137% | -117.2% | 63.5% | 59.1% | 48.8% | 66.7% | 139.8% |
| Working capital | ||||||||
| Receivable days | — | — | — | 27 | 12 | 10 | — | — |
| Inventory days | — | — | — | — | — | — | — | — |
| Payable days | — | — | — | — | 2 | 4 | 1 | 1 |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | — | — | — | 0.65 | 2.06 | 5.27 | 0.78 | — |
| Debt to equity | — | — | — | 0.18 | 0.29 | 0.3 | 0.16 | 0.1 |
| Interest coverage | 5.1 | 12.3 | -9.3 | 28.6 | 13.7 | 5.5 | 22 | -2.3 |
| Asset turnover | — | — | — | 0.3 | 0.15 | 0.06 | 0.2 | 0.02 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 19.1% | 8.6% | 3.1% | 13.2% | 2.7% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | — | — | — | 23.8% | 11.4% | 4.2% | 15.8% | 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.