Standalone figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 30.6% | 34.4% | 35.3% | 36.4% | 36.6% |
| EBITDA margin % | -171.1% | -118.9% | -126.5% | -4.5% | 7.6% | 9.4% | 7.4% | 1.7% |
| EBIT margin % | -171.1% | -118.9% | -151.2% | -9.6% | 5.6% | 7.7% | 5.7% | -4.7% |
| PAT margin % | -1,027.2% | -75.9% | -183.8% | 604% | 18.5% | 0.9% | 6.4% | -1.7% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | 81 | 93 | 109 | 115 |
| Inventory days | — | — | — | — | 36 | 37 | 30 | 62 |
| Payable days | — | — | — | — | 29 | 43 | 40 | 53 |
| NWC days | — | — | — | — | 88 | 87 | 99 | 124 |
| Leverage | ||||||||
| Current ratio | — | — | — | — | 0.59 | 1.13 | 1.5 | 1.47 |
| Debt to EBITDA | — | — | — | — | 8.91 | 12.33 | 16.54 | 31.8 |
| Debt to equity | — | — | — | — | 2.12 | 2.56 | 2.51 | 0.55 |
| Interest coverage | -1.4 | -5.5 | -4.3 | -2.1 | 1.2 | 1.1 | 1.6 | 0.8 |
| Asset turnover | — | — | — | — | 0.9 | 0.57 | 0.54 | 0.48 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | — | 16.7% | 0.5% | 3.4% | -0.8% |
| Return on capital employed % | — | — | — | — | 12.9% | 11.7% | 13% | 6.6% |
| Return on equity % | — | — | — | — | 58.3% | 1.9% | 13% | -1.8% |
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.