Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 23.6% | 27.5% | — | 28.1% | 31.9% | 35.1% |
| EBITDA margin % | 2.9% | 0.4% | -2% | -3.3% | -3.2% | -1.7% | -4.2% | -4% |
| EBIT margin % | 2% | -0.4% | -2.5% | -3.8% | -3.7% | -2.1% | -4.7% | -4.4% |
| PAT margin % | -3.8% | -4% | -3.5% | -2.3% | 7% | 2.5% | -2.5% | -2.6% |
| Working capital | ||||||||
| Receivable days | — | — | 176 | 156 | — | 11 | 14 | 178 |
| Inventory days | — | — | 550 | 616 | 296 | 353 | 528 | 546 |
| Payable days | — | — | 344 | 308 | — | 120 | 150 | 273 |
| NWC days | — | — | 382 | 464 | — | 244 | 392 | 450 |
| Leverage | ||||||||
| Current ratio | — | — | 2.15 | 2.55 | 3.54 | 5.9 | 5.24 | 3.4 |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | — | — | 0 | 0 | — | 0 | 0 | 0 |
| Interest coverage | 0.3 | -0.1 | -1.4 | — | — | 10 | — | — |
| Asset turnover | — | — | 0.49 | 0.53 | 0.66 | 0.55 | 0.54 | 0.49 |
| Return ratios | ||||||||
| Return on assets % | — | — | -1.7% | -1.2% | 4.6% | 1.4% | -1.4% | -1.3% |
| Return on capital employed % | — | — | -1.5% | -2% | 6.9% | 2.8% | -2% | -1.8% |
| Return on equity % | — | — | -4.5% | -3.1% | 10.2% | 2.7% | -2.7% | -3.1% |
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.