Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 81.2% | 81% | 79.7% | 81.5% | 80.7% | 82.9% | 88.2% | 86.6% |
| EBITDA margin % | 12.3% | 12.7% | 11.6% | 16.9% | 13.6% | 13.6% | 19.4% | 16.1% |
| EBIT margin % | 9% | 9.7% | 8.1% | 14.9% | 12.1% | 12.3% | 18.1% | 15.4% |
| PAT margin % | -45.2% | -4.6% | -21.9% | -4.4% | 4.9% | 3.5% | 1.8% | 5.2% |
| Working capital | ||||||||
| Receivable days | 317 | 455 | 620 | 138 | 143 | 134 | 180 | 209 |
| Inventory days | 80 | 101 | 130 | 74 | 62 | 54 | 80 | 89 |
| Payable days | — | 12 | 1,146 | 771 | 671 | 761 | 1,334 | 1,399 |
| NWC days | — | 544 | -396 | -558 | -465 | -573 | -1,074 | -1,101 |
| Leverage | ||||||||
| Current ratio | 0.99 | 0.71 | 1.01 | 1.06 | 1.13 | 1.1 | 1.31 | 1.23 |
| Debt to EBITDA | 6.21 | 5.9 | 13.19 | 1.71 | 2.75 | 2.53 | 1.61 | 1.31 |
| Debt to equity | 1.18 | 2.31 | 6.46 | 2.87 | 2.71 | 1.88 | 0.79 | 0.27 |
| Interest coverage | 0.7 | 0.5 | 0.3 | 0.8 | 1 | 1.4 | 1.9 | 1.6 |
| Asset turnover | 0.38 | 0.33 | 0.24 | 0.41 | 0.62 | 0.62 | 0.55 | 0.44 |
| Return ratios | ||||||||
| Return on assets % | -17.2% | -1.5% | -5.3% | -1.8% | 3% | 2.2% | 1% | 2.3% |
| Return on capital employed % | 9.8% | 8.6% | 7.4% | 16.8% | 14.1% | 19% | 23.7% | 15.8% |
| Return on equity % | -70.1% | -14.3% | -92.6% | -43.9% | 35.2% | 19.4% | 4.4% | 6.7% |
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.