Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 94.5% | 94.6% | 82.3% | 84.8% | 92.3% | 92% | 90% | 86.8% |
| EBITDA margin % | 27.9% | 26.2% | -504.7% | -62.5% | -1.4% | 15.2% | 9.8% | 16.6% |
| EBIT margin % | 14.6% | 12.7% | -823.6% | -121.6% | -17.2% | 2.7% | -1.3% | 6.3% |
| PAT margin % | 9.6% | 6.5% | -633.2% | -79.5% | -10.8% | 1.3% | 1.2% | 4.3% |
| Working capital | ||||||||
| Receivable days | — | — | 282 | — | 64 | 73 | 85 | 90 |
| Inventory days | — | — | 782 | — | 137 | 113 | 77 | 40 |
| Payable days | — | — | 4,065 | — | 792 | 792 | 490 | 401 |
| NWC days | — | — | -3,001 | — | -591 | -606 | -328 | -271 |
| Leverage | ||||||||
| Current ratio | — | — | 1 | — | 0.83 | 1.32 | 1.37 | 1.47 |
| Debt to EBITDA | — | — | — | — | — | 1.07 | 2.06 | 1.22 |
| Debt to equity | — | — | 0.2 | — | 0.27 | 0.2 | 0.25 | 0.27 |
| Interest coverage | 8.2 | 4.7 | -10.9 | -7 | -2.4 | 1.6 | 1.9 | 2.7 |
| Asset turnover | — | — | 0.04 | — | 0.53 | 0.67 | 0.67 | 0.71 |
| Return ratios | ||||||||
| Return on assets % | — | — | -22.5% | — | -5.7% | 0.8% | 0.8% | 3% |
| Return on capital employed % | — | — | -33.3% | — | -7% | 5.5% | 6.5% | 9.4% |
| Return on equity % | — | — | -38.2% | — | -10.1% | 1.6% | 1.5% | 5.7% |
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.