Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 56.8% | 60.1% | 53% | 65.2% | 65.6% | 64.6% | — | — |
| EBITDA margin % | 7.3% | 8% | -0% | 11.6% | 15.9% | 15.1% | -1,169.5% | -2,072.5% |
| EBIT margin % | 3.9% | 3.1% | -8.3% | 7.8% | 13.1% | 11.9% | -1,667.2% | -2,811.3% |
| PAT margin % | 2.3% | 3% | -6.8% | -9.3% | 7.1% | 8% | 1,48,248.9% | 1,23,859.8% |
| Working capital | ||||||||
| Receivable days | 75 | 62 | 191 | 62 | 37 | 52 | 53 | 13 |
| Inventory days | 273 | 370 | 575 | 380 | 358 | 315 | 19 | 16 |
| Payable days | 0 | 1 | 407 | 339 | 245 | 248 | 127 | 115 |
| NWC days | 348 | 431 | 359 | 102 | 150 | 119 | -55 | -86 |
| Leverage | ||||||||
| Current ratio | — | — | 1.49 | 1.37 | 1.39 | 1.76 | 14.3 | 12.84 |
| Debt to EBITDA | 6.2 | 5.17 | — | 3.47 | 2.02 | 2.62 | — | — |
| Debt to equity | 1.08 | 0.74 | 0.85 | 0.95 | 0.82 | 0.92 | 0 | 0 |
| Interest coverage | 1.7 | 1.2 | -0 | 3 | 3.9 | 3.3 | 752.1 | -92.5 |
| Asset turnover | 0.77 | 0.68 | 0.31 | 0.73 | 0.88 | 0.76 | 0 | 0 |
| Return ratios | ||||||||
| Return on assets % | 1.7% | 2% | -2.1% | -6.8% | 6.2% | 6.1% | 190% | 285.8% |
| Return on capital employed % | — | — | -0.2% | 17.8% | 26.3% | 23.4% | 1.6% | -0.4% |
| Return on equity % | 5.4% | 5.3% | -6% | -21.8% | 18.2% | 18.7% | 271.7% | 294.6% |
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.