Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | 3.2% |
| EBITDA margin % | — | — | — | — | — | 2.3% | 1.5% | 1.8% |
| EBIT margin % | — | — | — | — | — | 2.3% | 1.5% | 1.6% |
| PAT margin % | — | — | — | — | — | 2.3% | 1.7% | 1.6% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | — | 12 | 16 | 6 |
| Inventory days | — | — | — | — | — | 10 | 13 | 15 |
| Payable days | — | — | — | — | — | 0 | 0 | 24 |
| NWC days | — | — | — | — | — | 21 | 29 | -3 |
| Leverage | ||||||||
| Current ratio | — | — | — | 8.66 | 1,213 | 3.46 | 1.65 | 3.48 |
| Debt to EBITDA | — | — | — | — | — | 2.94 | 8.23 | 0.15 |
| Debt to equity | — | — | — | — | — | 0.17 | 0.57 | 0.01 |
| Interest coverage | — | — | 29.5 | — | — | 8 | 3.9 | 3.6 |
| Asset turnover | — | — | — | — | — | 1.8 | 2.47 | 2.86 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 2.2% | 1.6% | 4.1% | 4.2% | 4.5% |
| Return on capital employed % | — | — | — | 4.8% | 8.4% | 17% | 14.9% | 11.7% |
| Return on equity % | — | — | — | 2.5% | 1.6% | 5.6% | 7.8% | 5.6% |
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.