Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 76.5% | 77.8% | 77.9% | 78.5% | 79% | 80% |
| EBITDA margin % | 20.3% | 16.6% | 13.1% | 21.4% | 6.2% | 9.4% | 9.6% | -3% |
| EBIT margin % | 11.5% | 7.9% | -2.8% | 12.1% | -6.1% | -1.9% | 1% | -12.6% |
| PAT margin % | 3.8% | 2.5% | -10.6% | 6.9% | -9% | 4.8% | 0.5% | -9.7% |
| Working capital | ||||||||
| Receivable days | — | — | — | 105 | 88 | 96 | 95 | 67 |
| Inventory days | — | — | — | 131 | 248 | 196 | 161 | 162 |
| Payable days | — | — | — | 209 | 161 | 154 | 161 | 105 |
| NWC days | — | — | — | 28 | 175 | 138 | 95 | 124 |
| Leverage | ||||||||
| Current ratio | — | — | — | 0.85 | 0.74 | 1.18 | 1.65 | 1.84 |
| Debt to EBITDA | — | — | — | 1.42 | 7.38 | 2.91 | 0.7 | — |
| Debt to equity | — | — | — | 0.37 | 0.46 | 0.26 | 0.08 | 0.01 |
| Interest coverage | 1.8 | 1.4 | -0.3 | 2.6 | -1.1 | 1.7 | 1.7 | -12.1 |
| Asset turnover | — | — | — | 0.64 | 0.54 | 0.62 | 0.86 | 0.77 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 4.4% | -4.9% | 3% | 0.5% | -7.5% |
| Return on capital employed % | — | — | — | 11.3% | -4.3% | 6% | 2.8% | -10.2% |
| Return on equity % | — | — | — | 8.4% | -9% | 4.6% | 0.6% | -9.2% |
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.