Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 4.6% | 8.1% | 19.7% | 31.1% | 14.5% | 14.5% |
| EBITDA margin % | -2.5% | 0.8% | 13.1% | 13.1% | 6% | 7% |
| EBIT margin % | -3.4% | 0.6% | 12.6% | 11.7% | 4.3% | 2.9% |
| PAT margin % | 3.3% | 2.2% | 8.8% | 8.6% | 3.6% | 0.7% |
| Working capital | ||||||
| Receivable days | 163 | 218 | — | 33 | 40 | 30 |
| Inventory days | 1 | 5 | — | 195 | 60 | 82 |
| Payable days | — | — | — | 216 | 17 | 15 |
| NWC days | — | — | — | 13 | 83 | 97 |
| Leverage | ||||||
| Current ratio | 8.98 | 4.37 | — | 1.85 | 2.17 | 2.52 |
| Debt to EBITDA | — | 0.33 | — | 1.65 | 4.83 | 4.15 |
| Debt to equity | 0.04 | 0 | — | 0.25 | 0.61 | 0.52 |
| Interest coverage | 3.2 | — | 22.1 | 10.6 | 4.8 | 1.4 |
| Asset turnover | 1.89 | 1.34 | — | 0.57 | 1.21 | 1.13 |
| Return ratios | ||||||
| Return on assets % | 6.3% | 3% | — | 4.9% | 4.3% | 0.8% |
| Return on capital employed % | 14.5% | 5.4% | — | 12.3% | 10.6% | 5.6% |
| Return on equity % | 7.1% | 3.8% | — | 9.8% | 7.4% | 1.3% |
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.