Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 8.3% | 15% | 2.6% | 4.3% | 3.9% | 2.7% | 2.6% |
| EBITDA margin % | 4.2% | 10.4% | -0.8% | 2.5% | 0.6% | -4.2% | -9.5% |
| EBIT margin % | 3.7% | 9.4% | -1.3% | 1.9% | -0.1% | -5.6% | -10.7% |
| PAT margin % | 0.9% | -4.7% | 9.5% | -3.3% | 4.6% | -0.5% | 17.5% |
| Working capital | |||||||
| Receivable days | — | 347 | 62 | 128 | 121 | 97 | 101 |
| Inventory days | — | 156 | 35 | 9 | 8 | 4 | 4 |
| Payable days | — | 216 | 82 | 47 | 11 | 46 | 43 |
| NWC days | — | 287 | 15 | 90 | 118 | 55 | 62 |
| Leverage | |||||||
| Current ratio | — | 1.84 | 1.36 | 2.36 | 6.88 | 2.4 | 1.45 |
| Debt to EBITDA | — | 5.38 | — | 1.37 | 8.8 | — | — |
| Debt to equity | — | 0.63 | 0.03 | 0.05 | 0.05 | 0.01 | 0.13 |
| Interest coverage | 1.7 | 1.5 | 19.1 | -9.8 | 10.8 | 0.1 | 14.3 |
| Asset turnover | 41.66 | 0.5 | 0.98 | 1.08 | 0.78 | 0.67 | 0.61 |
| Return ratios | |||||||
| Return on assets % | 37.5% | -2.3% | 9.3% | -3.6% | 3.6% | -0.3% | 10.7% |
| Return on capital employed % | — | 9.8% | 26.8% | -7% | 6% | 0.1% | 13% |
| Return on equity % | — | -5.2% | 14.1% | -4.6% | 4% | -0.4% | 13.7% |
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.