Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 67.7% | 63% | 64.2% | 75.6% | 69.3% | 67.1% | 58% | 3.2% |
| EBITDA margin % | 13.3% | 0.8% | 10.3% | 35.7% | 18.3% | -2.6% | -11.1% | -73.8% |
| EBIT margin % | 11.2% | -1.8% | 8.9% | 34.7% | 16.5% | -5.1% | -15.3% | -92.9% |
| PAT margin % | 7.9% | -0% | 2.2% | 27.4% | 14.7% | 0.5% | -8.2% | -40.9% |
| Working capital | ||||||||
| Receivable days | 76 | 161 | 63 | 85 | 32 | 45 | 27 | 9 |
| Inventory days | 150 | 189 | 143 | 178 | 215 | 268 | 223 | 109 |
| Payable days | — | — | — | — | 66 | 78 | 58 | 24 |
| NWC days | — | — | — | — | 180 | 235 | 193 | 95 |
| Leverage | ||||||||
| Current ratio | 5.14 | 5.28 | 7.54 | 10.72 | 8.19 | 8.82 | 9.28 | 7.59 |
| Debt to EBITDA | 0.15 | 1.79 | 0.35 | 0.01 | 0.06 | — | — | — |
| Debt to equity | 0.02 | 0.01 | 0.04 | 0 | 0.01 | 0.01 | 0.02 | 0 |
| Interest coverage | 12.4 | 0.7 | 24.2 | 122.2 | 105.7 | 5.5 | -33.6 | -113.1 |
| Asset turnover | 1.02 | 0.67 | 0.95 | 1.08 | 1 | 0.77 | 0.61 | 0.13 |
| Return ratios | ||||||||
| Return on assets % | 8% | -0% | 2.1% | 29.5% | 14.7% | 0.4% | -5% | -5.5% |
| Return on capital employed % | 13.6% | 0.2% | 16.3% | 52% | 21.8% | 1% | -5.6% | -7.4% |
| Return on equity % | 9.1% | -0% | 2.4% | 32.5% | 16.6% | 0.5% | -5.6% | -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.