Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| 85.2% |
| 81% |
| 88.5% |
| — |
| EBITDA margin % | 0.7% | 5.4% | -5.1% | 2.2% | -3.4% | -14.5% | -15.1% | -18.4% |
| EBIT margin % | 0.7% | 2.8% | -9% | -0% | -5.9% | -17.6% | -18.5% | -24.1% |
| PAT margin % | 9.4% | 14.8% | 8.3% | 22.5% | 16.4% | 15.8% | 82.4% | 14.9% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | 22 | 11 | 9 | — |
| Inventory days | — | — | — | — | 386 | 253 | 519 | — |
| Payable days | — | — | — | — | 107 | 73 | 95 | — |
| NWC days | — | — | — | — | 302 | 191 | 432 | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | 3.47 | 5.01 | 6.88 | — |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | — | — | — | — | 0 | 0 | 0 | — |
| Interest coverage | 110.7 | 138.8 | 102 | — | 201.3 | 125.8 | — | 441 |
| Asset turnover | — | — | — | — | 0.48 | 0.4 | 0.33 | — |
| Return ratios | ||||||||
| Return on assets % | — | — | — | — | 7.8% | 6.3% | 27.5% | — |
| Return on capital employed % | — | — | — | — | 11.8% | 9.5% | 8.5% | — |
| Return on equity % | — | — | — | — | 9.4% | 7.2% | 30.9% | — |
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.