Standalone figures
| Ratio | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 14.2% | 21.5% | 13.7% | 13.5% | 12.5% |
| EBITDA margin % | 4.9% | 13.1% | 1.3% | 0.1% | 3.8% |
| EBIT margin % | 4.1% | 12.4% | 0.7% | -0.4% | 3.2% |
| PAT margin % | 2% | 9.5% | 0.8% | 0.8% | 3.7% |
| Working capital | |||||
| Receivable days | — | 281 | 209 | 172 | 170 |
| Inventory days | — | 20 | 2 | 20 | 13 |
| Payable days | — | 120 | 95 | 116 | 81 |
| NWC days | — | 181 | 116 | 77 | 102 |
| Leverage | |||||
| Current ratio | — | 2.27 | 2.25 | 2.61 | 2.34 |
| Debt to EBITDA | — | 1.5 | 11.06 | 129.56 | 4.51 |
| Debt to equity | — | 0.34 | 0.29 | 0.18 | 0.27 |
| Interest coverage | 1.5 | 5.4 | 1.5 | 1.8 | 3.8 |
| Asset turnover | — | 0.88 | 1.08 | 0.9 | 0.88 |
| Return ratios | |||||
| Return on assets % | — | 8.4% | 0.9% | 0.7% | 3.3% |
| Return on capital employed % | — | 23.2% | 5.7% | 4.8% | 10.2% |
| Return on equity % | — | 16.3% | 1.7% | 1.3% | 5.8% |
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.