Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 69.9% | 70% | 68.5% | 69.9% | 69.9% | 69.3% |
| EBITDA margin % | 11.2% | 17% | 19.8% | 18.7% | 17% | 15.2% |
| EBIT margin % | -10.5% | 4.1% | 7.7% | 5.7% | 3.7% | 1.8% |
| PAT margin % | -12% | 1.8% | 11.5% | 2.3% | -0.3% | -1.9% |
| Working capital | ||||||
| Receivable days | 3 | 3 | 3 | 5 | 4 | 4 |
| Inventory days | 50 | 43 | 43 | 36 | 33 | 34 |
| Payable days | 170 | 144 | 107 | 102 | 101 | 105 |
| NWC days | -117 | -99 | -61 | -62 | -63 | -67 |
| Leverage | ||||||
| Current ratio | 0.44 | 1.37 | 0.91 | 0.8 | 0.92 | 0.56 |
| Debt to EBITDA | 0.68 | 0.23 | 2.33 | 0.04 | 0.03 | 0.01 |
| Debt to equity | 0.12 | 0.05 | 0.7 | 0.02 | 0.01 | 0 |
| Interest coverage | -0.5 | 1.4 | 2.3 | 1.7 | 1.2 | 0.7 |
| Asset turnover | 0.64 | 0.67 | 0.78 | 0.86 | 0.88 | 0.89 |
| Return ratios | ||||||
| Return on assets % | -7.7% | 1.2% | 9% | 1.9% | -0.2% | -1.7% |
| Return on capital employed % | -3.1% | 6.8% | 9.7% | 7.4% | 5.3% | 3.1% |
| Return on equity % | -18.8% | 2.4% | 17.6% | 4.1% | -0.5% | -3.9% |
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.