Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 29.2% | 31.9% | 30.4% | 27.3% | 15% | 32.4% | 10.4% | 10.5% |
| EBITDA margin % | 13.9% | 16.8% | 19.2% | 16% | 3.2% | -0.4% | 1.4% | -15.1% |
| EBIT margin % | 5.7% | 1.8% | 2.9% | 3.5% | -3% | -11.2% | -2.5% | -24.7% |
| PAT margin % | 2.9% | 1.8% | 0.8% | 3.4% | 5.4% | -7.1% | 0.2% | 6% |
| Working capital | ||||||||
| Receivable days | — | — | 106 | 52 | 3 | 5 | 5 | 10 |
| Inventory days | — | — | 158 | 419 | 134 | 551 | 165 | 356 |
| Payable days | — | — | 14 | 17 | 5 | 7 | 5 | 21 |
| NWC days | — | — | 251 | 454 | 132 | 549 | 165 | 344 |
| Leverage | ||||||||
| Current ratio | — | — | 4.23 | 2.63 | 19.62 | 14.95 | 9.63 | 3.2 |
| Debt to EBITDA | — | — | 1.37 | 2.62 | 0 | — | 0 | — |
| Debt to equity | — | — | 0.14 | 0.19 | 0 | 0 | 0 | 0 |
| Interest coverage | 1.7 | 1.9 | 1.5 | 3.2 | 18.4 | -10.3 | 1.2 | 7.8 |
| Asset turnover | — | — | 0.44 | 0.36 | 0.71 | 0.3 | 0.65 | 0.31 |
| Return ratios | ||||||||
| Return on assets % | — | — | 0.3% | 1.2% | 3.9% | -2.1% | 0.1% | 1.8% |
| Return on capital employed % | — | — | 2.2% | 3.2% | 6.2% | -1.4% | 0.4% | 3.1% |
| Return on equity % | — | — | 0.4% | 1.5% | 4% | -2.2% | 0.1% | 2.2% |
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.