Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 4% | 4.5% | 2.9% | 9.3% | 6.2% | 2% | 0.3% | -1.4% |
| EBIT margin % | 4% | 3% | 1% | 7.2% | 4.6% | 0.6% | -1.3% | -3.4% |
| PAT margin % | 0.9% | 4.1% | -0.4% | 3.1% | 2.5% | 0.7% | -1.2% | -1.2% |
| Working capital | ||||||||
| Receivable days | — | 23 | 28 | 30 | 24 | 16 | 22 | 23 |
| Inventory days | — | 28 | 29 | 37 | 28 | 19 | 40 | 26 |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | 0.62 | 0.54 | 0.59 | 0.66 | 0.56 | 0.57 | 0.46 |
| Debt to EBITDA | — | 4.43 | 6.5 | 2.59 | 2.05 | 5.86 | 47.74 | — |
| Debt to equity | — | 1.53 | 1.49 | 1.38 | 0.87 | 0.99 | 1.48 | 2.26 |
| Interest coverage | 2.3 | 2 | 0.7 | 3.3 | 3.9 | 1.9 | -0.4 | 0.2 |
| Asset turnover | — | 2.01 | 1.87 | 1.58 | 2.04 | 2.54 | 1.83 | 1.94 |
| Return ratios | ||||||||
| Return on assets % | — | 8.1% | -0.7% | 4.9% | 5% | 1.8% | -2.2% | -2.3% |
| Return on capital employed % | — | 15.2% | 7.3% | 27.4% | 21.6% | 9.5% | -2.5% | 2.1% |
| Return on equity % | — | 31.3% | -3% | 17.7% | 17% | 6.2% | -10.9% | -12.5% |
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.