Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 1.7% | 3.7% | 3.7% | 4% | 6.2% | 5.5% | 13.9% | 12% |
| EBIT margin % | -0.6% | 1% | 1.1% | 1.2% | 3.9% | 2.6% | 11.6% | 10.2% |
| PAT margin % | 1.4% | 1.5% | 1.2% | 0.6% | 0.3% | 1.5% | 3.8% | 5% |
| Working capital | ||||||||
| Receivable days | — | — | — | 25 | 26 | — | — | — |
| Inventory days | — | — | — | 0 | 0 | — | — | — |
| Payable days | — | — | — | 10 | 8 | — | — | — |
| NWC days | — | — | — | 15 | 18 | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | 2.75 | 2.11 | — | — | — |
| Debt to EBITDA | — | — | — | 0 | 0 | — | — | — |
| Debt to equity | — | — | — | 0 | 0 | — | — | — |
| Interest coverage | -4 | — | — | 3 | 5.8 | 34 | 1.5 | 1.7 |
| Asset turnover | — | — | — | 0.85 | 1 | — | — | — |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 0.5% | 0.3% | — | — | — |
| Return on capital employed % | — | — | — | 1.2% | 5% | — | — | — |
| Return on equity % | — | — | — | 0.6% | 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.