Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 7.2% | 6.1% | 9.6% | 11.5% | — | 20.9% | 12.8% | 20.2% |
| EBIT margin % | 4.8% | 4.1% | 7.8% | — | — | 13.7% | 8.7% | 2.4% |
| PAT margin % | 3.9% | 4.7% | 3.9% | 4.6% | — | 3.4% | 5.5% | 2.9% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | — | 294 | 357 | 360 |
| Inventory days | — | — | — | — | — | — | — | — |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | 1.93 | 1.65 | 2.67 |
| Debt to EBITDA | — | — | — | — | — | 15.17 | 16.98 | 1.61 |
| Debt to equity | — | — | — | — | — | 0.63 | 0.74 | 0.09 |
| Interest coverage | 2.5 | 2.9 | 2.4 | — | — | 1.6 | 1.9 | 1.1 |
| Asset turnover | — | — | — | — | — | 0.11 | 0.15 | 0.2 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | — | — | 0.4% | 0.8% | 0.6% |
| Return on capital employed % | — | — | — | — | — | 2.1% | 2.4% | 12.8% |
| Return on equity % | — | — | — | — | — | 0.7% | 1.9% | 0.8% |
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.