Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 28.2% | 25.8% | 29.3% | 35% | 37.9% | 34.7% | 40.3% | 41% |
| EBITDA margin % | -11% | -9.7% | 1.6% | 6.7% | 8.6% | 6.9% | 9.3% | 9.8% |
| EBIT margin % | -21.3% | -15.8% | -4.6% | -0.3% | 5% | 3.5% | 5.3% | 5.6% |
| PAT margin % | -42.4% | -25.6% | -18.4% | -19.1% | 39.7% | 12.1% | 8.6% | 3.1% |
| Working capital | ||||||||
| Receivable days | — | — | 8 | 6 | 3 | 2 | 6 | 1 |
| Inventory days | — | — | 65 | 81 | 31 | 39 | 38 | 83 |
| Payable days | — | — | 4 | 76 | 60 | 69 | 54 | 76 |
| NWC days | — | — | 69 | 11 | -26 | -27 | -9 | 9 |
| Leverage | ||||||||
| Current ratio | — | — | 0.22 | 0.25 | 0.31 | 0.59 | 0.59 | 0.48 |
| Debt to EBITDA | — | — | 31.91 | 17.77 | 9.43 | 10.44 | 9.07 | 8.17 |
| Debt to equity | — | — | -1.14 | -2.19 | -78.61 | 6.55 | 3.94 | 3.15 |
| Interest coverage | 0.2 | -0 | -0.1 | 0.1 | 0.6 | 0.5 | 1 | 1.4 |
| Asset turnover | — | — | 0.35 | 0.43 | 0.63 | 0.69 | 0.61 | 0.63 |
| Return ratios | ||||||||
| Return on assets % | — | — | -6.4% | -8.3% | 25% | 8.4% | 5.2% | 2% |
| Return on capital employed % | — | — | 22.3% | -82.1% | 12.9% | 7.3% | 12.6% | 15.4% |
| Return on equity % | — | — | 41.9% | 35.1% | -3,858% | 109.8% | 40.3% | 12.3% |
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.