Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | 12% | -32.6% | 14.4% | 10% |
| EBITDA margin % | 5% | -14.6% | -118.4% | -49.2% | -23.7% | -953.5% | -50.5% | -21.1% |
| EBIT margin % | 4.4% | -16.3% | -125.8% | -51.6% | -25.7% | -1,020.5% | -55.5% | -23.8% |
| PAT margin % | 12.1% | -51.4% | -58.3% | 17% | 32.1% | -207.7% | 14.7% | 8.4% |
| Working capital | ||||||||
| Receivable days | 85 | 74 | 204 | 98 | 76 | 1,341 | 132 | 78 |
| Inventory days | 789 | 661 | 1,924 | 1,023 | 1,596 | 46,789 | 4,632 | 1,650 |
| Payable days | 0 | 1 | 176 | 112 | 147 | 2,475 | 252 | 178 |
| NWC days | 874 | 734 | 1,952 | 1,008 | 1,524 | 45,654 | 4,512 | 1,549 |
| Leverage | ||||||||
| Current ratio | 2.52 | 2.86 | 2.45 | 2.03 | 1.57 | 1.62 | 1.33 | 1.2 |
| Debt to EBITDA | 4.92 | — | — | — | — | — | — | — |
| Debt to equity | 0.07 | 0.08 | 0.08 | 0.11 | 0.15 | 0.56 | 0.92 | 0.2 |
| Interest coverage | 16.4 | 5.1 | -18 | -16.2 | 4.1 | -12.3 | 3.2 | 5.4 |
| Asset turnover | 0.2 | 0.22 | 0.04 | 0.11 | 0.15 | 0 | 0.06 | 0.12 |
| Return ratios | ||||||||
| Return on assets % | 2.4% | -11.3% | -2.6% | 1.9% | 4.8% | -0.9% | 0.9% | 1% |
| Return on capital employed % | 5.1% | 0.6% | -4.5% | -5.2% | 2.2% | -4.5% | 3.8% | 4% |
| Return on equity % | 3.3% | -15.1% | -3.6% | 2.9% | 9.4% | -2.5% | 3.3% | 2.4% |
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.