Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 0.9% | 30.5% | 22.4% | 28.4% | — |
| EBITDA margin % | — | — | — | -10.4% | 22.9% | 4.9% | 15.8% | 12% |
| EBIT margin % | — | — | — | -10.4% | 22.9% | 4.5% | 14.5% | 11.1% |
| PAT margin % | — | — | — | -7.8% | 19.5% | 6.8% | 11.4% | 9.5% |
| Working capital | ||||||||
| Receivable days | — | — | — | 0 | 118 | 183 | 255 | — |
| Inventory days | — | — | — | 0 | 0 | 219 | 129 | — |
| Payable days | — | — | — | 0 | 0 | 107 | 148 | — |
| NWC days | — | — | — | 0 | 118 | 295 | 236 | — |
| Leverage | ||||||||
| Current ratio | — | — | — | 112 | 11.38 | 16.35 | 5.3 | — |
| Debt to EBITDA | — | — | — | — | 0 | 35.38 | 8.28 | — |
| Debt to equity | — | — | — | 0 | 0 | 0.45 | 0.31 | — |
| Interest coverage | — | — | — | — | — | 55.5 | 16.5 | 14.2 |
| Asset turnover | — | — | — | 1.02 | 0.8 | 0.17 | 0.17 | — |
| Return ratios | ||||||||
| Return on assets % | — | — | — | -8% | 15.5% | 1.2% | 1.9% | — |
| Return on capital employed % | — | — | — | -8% | 25.1% | 3% | 3.7% | — |
| Return on equity % | — | — | — | -8% | 16.9% | 1.8% | 2.7% | — |
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.