Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 18.8% | 32.2% | 25.5% | 27.9% | 30.6% | 29.4% | 32.8% |
| EBITDA margin % | -2% | 2.5% | 6.2% | 20.6% | 11.1% | 14.3% | 13.6% | 16.2% |
| EBIT margin % | -2.6% | 0.1% | -0.3% | 18.4% | 1.7% | 5.7% | 5.2% | 7.5% |
| PAT margin % | 1.4% | 10.4% | 22.6% | 14.4% | 0.4% | 2.1% | 4.5% | 6.7% |
| Working capital | ||||||||
| Receivable days | — | — | 1,727 | 482 | 4 | 11 | 4 | 4 |
| Inventory days | — | — | 12 | 3 | 7 | 2 | 2 | 2 |
| Payable days | — | — | 63 | 23 | 51 | 54 | 24 | 26 |
| NWC days | — | — | 1,676 | 462 | -40 | -41 | -18 | -20 |
| Leverage | ||||||||
| Current ratio | — | — | 10.19 | 12.32 | 0.6 | 0.86 | 0.96 | 0.95 |
| Debt to EBITDA | — | — | 0 | 0 | 3.16 | 0.46 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0.76 | 0.11 | 0 | 0 |
| Interest coverage | — | — | — | — | 2.5 | 1.6 | 11.3 | 18.8 |
| Asset turnover | — | — | 0.08 | 0.24 | 0.67 | 0.74 | 0.76 | 0.73 |
| Return ratios | ||||||||
| Return on assets % | — | — | 1.8% | 3.5% | 0.2% | 1.6% | 3.4% | 4.9% |
| Return on capital employed % | — | — | 2.6% | 4.9% | 0.3% | 10% | 7.7% | 9.2% |
| Return on equity % | — | — | 2% | 3.7% | 0.8% | 3.4% | 5% | 6.9% |
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.