Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | -30.6% | — | — | — | — | — |
| EBITDA margin % | 65% | -72.8% | 14.6% | 29.8% | 22% | 23% | 16.9% |
| EBIT margin % | 60.2% | -75.2% | 12.4% | 28.3% | 21.4% | 22.5% | 15.8% |
| PAT margin % | 28.1% | -114.8% | -4.7% | 7.6% | 7.9% | 14.1% | 10.5% |
| Working capital | |||||||
| Receivable days | — | — | — | 133 | 219 | 28 | 23 |
| Inventory days | — | — | — | 1,405 | 796 | 775 | 837 |
| Payable days | — | — | — | 48 | 29 | 34 | 29 |
| NWC days | — | — | — | 1,490 | 986 | 769 | 831 |
| Leverage | |||||||
| Current ratio | — | — | — | 2.82 | 2.2 | 2.97 | 4 |
| Debt to EBITDA | — | — | — | 9.52 | 7.03 | 2.55 | 5.63 |
| Debt to equity | — | — | — | 1.65 | 1.57 | 0.37 | 0.48 |
| Interest coverage | 2.2 | -4.5 | 0.8 | 1.3 | 1.5 | 2.8 | 2.8 |
| Asset turnover | — | — | — | 0.19 | 0.29 | 0.36 | 0.3 |
| Return ratios | |||||||
| Return on assets % | — | — | — | 1.5% | 2.3% | 5.1% | 3.2% |
| Return on capital employed % | — | — | — | 7.9% | 11.3% | 15.5% | 9.2% |
| Return on equity % | — | — | — | 4.5% | 8% | 8.9% | 5.3% |
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.