Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | 86.6% | 88.2% | 88.4% | 89.4% |
| EBITDA margin % | -2.7% | -5.8% | -63.5% | -9.5% | 13.8% | 18.9% | 25.7% | 25.7% |
| EBIT margin % | -13.3% | -16.8% | -102% | -29.3% | 5.2% | 7.2% | 16.5% | 14.7% |
| PAT margin % | -14.5% | -11.3% | -73.8% | -22.9% | 4.8% | 5.9% | 57.7% | 13.9% |
| Working capital | ||||||||
| Receivable days | — | — | 80 | — | 29 | 20 | 19 | 9 |
| Inventory days | — | — | 10 | — | 25 | 18 | 14 | 13 |
| Payable days | — | — | — | — | 488 | 133 | 130 | 131 |
| NWC days | — | — | — | — | -434 | -95 | -97 | -109 |
| Leverage | ||||||||
| Current ratio | — | — | 0.04 | — | 0.15 | 4.69 | 2.92 | 1.21 |
| Debt to EBITDA | — | — | — | — | 28.29 | 2.88 | 1.54 | 6.69 |
| Debt to equity | — | — | -0.97 | — | -0.96 | 0.54 | 0.21 | 0.85 |
| Interest coverage | -12.6 | -12.9 | — | -20 | 131.5 | 6.6 | 5.1 | 3.6 |
| Asset turnover | — | — | 0.09 | — | 0.42 | 0.5 | 0.43 | 0.26 |
| Return ratios | ||||||||
| Return on assets % | — | — | -6.6% | — | 2% | 2.9% | 24.5% | 3.6% |
| Return on capital employed % | — | — | -137.1% | — | 43.2% | 7.9% | 9.8% | 7.4% |
| Return on equity % | — | — | 4.1% | — | -1.2% | 5.9% | 31.3% | 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.