Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | 33.3% |
| EBITDA margin % | 0.1% | -74.6% | 15.8% | 17% | 12.6% | 10.8% | 18.1% | 18.4% |
| EBIT margin % | -8.2% | -87.7% | 8.4% | 10.9% | 8.1% | 7.2% | 16% | 16.6% |
| PAT margin % | -8.7% | -52.5% | 1.3% | 1.7% | -14.6% | 2% | 8.8% | 10.5% |
| Working capital | ||||||||
| Receivable days | 175 | 139 | 99 | 107 | 46 | 74 | 109 | 72 |
| Inventory days | 105 | 183 | 302 | 341 | 207 | 198 | 150 | 197 |
| Payable days | — | — | — | — | — | — | — | 42 |
| NWC days | — | — | — | — | — | — | — | 228 |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | 1.97 |
| Debt to EBITDA | 391.85 | — | 5.82 | 4.3 | 4.49 | 5.42 | 2.48 | 1.34 |
| Debt to equity | 1.16 | 1.52 | 1.63 | 1.41 | 2.15 | 2.16 | 1.36 | 0.44 |
| Interest coverage | -0.8 | -4.7 | 0.9 | 1.2 | 1.3 | 1.2 | 3.2 | 5.3 |
| Asset turnover | 0.59 | 0.33 | 0.47 | 0.51 | 0.79 | 0.83 | 0.95 | 1.03 |
| Return ratios | ||||||||
| Return on assets % | -5.1% | -17.1% | 0.6% | 0.8% | -11.5% | 1.6% | 8.3% | 10.8% |
| Return on capital employed % | -5.2% | -25.7% | 6.4% | 7.3% | 8% | 8.4% | 19.4% | 24% |
| Return on equity % | -23.4% | -64.9% | 2.2% | 3.2% | -55.7% | 7.2% | 26.7% | 18.7% |
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.