Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 38.7% | 40.2% | 31.4% | 27.4% | 31.4% |
| EBITDA margin % | 2.9% | 3.4% | -0.1% | 4% | 12.6% | 0.8% | -4.5% | -2.4% |
| EBIT margin % | 1.2% | 1.8% | -2.2% | 1.7% | 11.3% | -1% | -6.4% | -4.4% |
| PAT margin % | 3.6% | 2.2% | -0.2% | 2% | 9% | 0.2% | -3.3% | -2.7% |
| Working capital | ||||||||
| Receivable days | 14 | 24 | 21 | 24 | 20 | 32 | 18 | 29 |
| Inventory days | 100 | 66 | 96 | 236 | 175 | 96 | 148 | 142 |
| Payable days | 1 | 7 | 16 | 10 | 33 | 10 | 6 | 11 |
| NWC days | 113 | 82 | 101 | 249 | 163 | 119 | 160 | 161 |
| Leverage | ||||||||
| Current ratio | 4.28 | 3.25 | 4.4 | 3.46 | 3.87 | 6.15 | 3.95 | 5.87 |
| Debt to EBITDA | 0.9 | 1.93 | — | 0.03 | 0.01 | 0.24 | — | — |
| Debt to equity | 0.05 | 0.12 | 0 | 0 | 0 | 0 | 0.01 | 0 |
| Interest coverage | 9.1 | 8.2 | -1.4 | 8.2 | 34.6 | 2 | -14.3 | -12.4 |
| Asset turnover | 1.43 | 1.43 | 1.37 | 1.13 | 1.59 | 1.37 | 1.3 | 1.33 |
| Return ratios | ||||||||
| Return on assets % | 5.2% | 3.1% | -0.2% | 2.3% | 14.3% | 0.2% | -4.3% | -3.5% |
| Return on capital employed % | 5.9% | 6.7% | -0.8% | 4.5% | 25.8% | 0.8% | -6.1% | -4.8% |
| Return on equity % | 6.4% | 4.1% | -0.3% | 3% | 18% | 0.2% | -5.2% | -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.