Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 76% | 92.1% | 91.9% | 91.9% | 91.8% | 92% | 92.1% | 92.7% |
| EBITDA margin % | 18.8% | 32.4% | -146% | 8.8% | 29.1% | 30.4% | 28.2% | 32.3% |
| EBIT margin % | 12.9% | 16.2% | -395.6% | -40.2% | 8.3% | 10% | 4.9% | 12.6% |
| PAT margin % | 6.3% | 0.9% | -320.5% | -39.4% | -2.3% | -0.6% | -5.1% | 4.2% |
| Working capital | ||||||||
| Receivable days | — | — | 32 | 21 | 16 | 13 | 14 | 13 |
| Inventory days | — | — | 463 | 116 | 75 | 49 | 56 | 57 |
| Payable days | — | — | 3,772 | 1,079 | 609 | 491 | 622 | 421 |
| NWC days | — | — | -3,277 | -941 | -518 | -429 | -552 | -351 |
| Leverage | ||||||||
| Current ratio | — | — | 0.87 | 0.57 | 0.35 | 0.36 | 0.35 | 0.38 |
| Debt to EBITDA | — | — | — | 14.17 | 1.73 | 0.96 | 0.97 | 0.37 |
| Debt to equity | — | — | 0.73 | 1.08 | 0.24 | 0.23 | 0.21 | 0.1 |
| Interest coverage | 3.4 | 1.2 | -0.9 | -0.4 | 0.7 | 0.9 | 0.5 | 1.3 |
| Asset turnover | — | — | 0.03 | 0.17 | 0.22 | 0.35 | 0.34 | 0.41 |
| Return ratios | ||||||||
| Return on assets % | — | — | -9.7% | -6.6% | -0.5% | -0.2% | -1.7% | 1.7% |
| Return on capital employed % | — | — | -6.6% | -2.9% | 3.7% | 5.1% | 3.1% | 7.3% |
| Return on equity % | — | — | -39.3% | -34.5% | -1.1% | -0.5% | -3.9% | 3.7% |
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.