Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 83.7% | 47.4% | 86.3% | 71.1% | — | 69.4% |
| EBITDA margin % | — | 9.3% | 47.3% | 5.2% | 45.2% | 54.2% | 62% | 14.2% |
| EBIT margin % | — | 9.3% | 45.7% | 1.3% | 35.2% | 43.5% | 54% | 1.2% |
| PAT margin % | — | -2.3% | 34.1% | 1.3% | 25.6% | 33.4% | 47.3% | 4% |
| Working capital | ||||||||
| Receivable days | — | — | 385 | 457 | 503 | 511 | 385 | 708 |
| Inventory days | — | — | 1,460 | 514 | 2,640 | 1,031 | 1,039 | 1,865 |
| Payable days | — | — | 539 | 153 | 426 | 181 | — | 68 |
| NWC days | — | — | 1,306 | 818 | 2,718 | 1,361 | — | 2,504 |
| Leverage | ||||||||
| Current ratio | — | — | 6.8 | 5.97 | 7.95 | 10.28 | — | 5.55 |
| Debt to EBITDA | — | — | 0.16 | 1.25 | 0.24 | 0.09 | 0.09 | 5.85 |
| Debt to equity | 0.03 | — | 0.03 | 0.03 | 0.02 | 0.01 | 0.01 | 0.08 |
| Interest coverage | — | — | — | — | — | 155 | 56.8 | 1.5 |
| Asset turnover | — | — | 0.3 | 0.35 | 0.13 | 0.15 | 0.2 | 0.09 |
| Return ratios | ||||||||
| Return on assets % | -2.1% | — | 10.4% | 0.5% | 3.4% | 5.1% | 9.4% | 0.4% |
| Return on capital employed % | — | — | 16.2% | 0.5% | 8.1% | 8.2% | — | 0.1% |
| Return on equity % | -2.2% | — | 12.1% | 0.5% | 3.6% | 5.4% | 10.4% | 0.4% |
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.