Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 41% | 41.3% | 39.7% | — | — | — |
| EBITDA margin % | 42.3% | 25.3% | 21.4% | 20.3% | 17% | 11.7% | 0.5% | 3.5% |
| EBIT margin % | 20.6% | 6.3% | 15.4% | 14% | 10.5% | 7.1% | -2.7% | 1.1% |
| PAT margin % | 15% | 52.3% | 98.7% | 47% | 63.5% | 33% | -4.6% | 18.9% |
| Working capital | ||||||||
| Receivable days | 98 | 82 | 75 | 84 | 92 | 79 | — | — |
| Inventory days | — | — | 0 | 0 | 0 | — | — | — |
| Payable days | 23 | 9 | 14 | 8 | 12 | 10 | — | — |
| NWC days | — | — | 61 | 77 | 81 | — | — | — |
| Leverage | ||||||||
| Current ratio | 8.97 | 11.02 | 10.03 | 8.52 | 10.67 | 5.8 | 5.42 | 3.73 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | — | — | — |
| Debt to equity | — | — | 0 | 0 | 0 | — | — | — |
| Interest coverage | 11.5 | 8.8 | 35.4 | 50.7 | 43 | 21.2 | 10.8 | 13.7 |
| Asset turnover | 0.02 | 0.02 | 0.06 | 0.05 | 0.04 | 0.07 | 0.08 | 0.1 |
| Return ratios | ||||||||
| Return on assets % | 0.3% | 1.1% | 5.9% | 2.4% | 2.8% | 2.2% | -0.4% | 1.9% |
| Return on capital employed % | 2.7% | 1.8% | 2.7% | 3.5% | 3% | 2.4% | 0.8% | 0.8% |
| Return on equity % | 0.3% | 1.1% | 6.1% | 2.5% | 3% | 2.4% | -0.4% | 2.1% |
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.