Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 12.1% | 2.6% | 6.3% | — | 6.1% | 3.1% |
| EBITDA margin % | -0.1% | 1.4% | 1.4% | -11.3% | -10% | 58.3% | 4.6% | 1.2% |
| EBIT margin % | -0.2% | 1.4% | 1.3% | -11.7% | -10.4% | 58.3% | 4.6% | 1.2% |
| PAT margin % | 0.4% | 0.9% | 0.3% | -11.9% | -4.2% | 95% | 4.6% | 2.6% |
| Working capital | ||||||||
| Receivable days | — | — | 58 | 60 | 59 | 12 | 1 | 0 |
| Inventory days | — | — | 25 | 136 | 0 | 0 | 1 | 2 |
| Payable days | — | — | 72 | 17 | 0 | 0 | 1 | 1 |
| NWC days | — | — | 11 | 180 | 59 | 12 | 1 | 1 |
| Leverage | ||||||||
| Current ratio | — | — | 1.3 | 7.52 | 35.38 | 8 | 4.56 | 11.62 |
| Debt to EBITDA | — | — | 1.07 | — | — | 0 | 0.01 | 2.17 |
| Debt to equity | — | — | 0.32 | 1.04 | 0 | 0 | 0.01 | 0.33 |
| Interest coverage | — | 3.2 | 1.4 | -2.1 | -4.8 | — | — | 445 |
| Asset turnover | — | — | 4.17 | 1.57 | 1.81 | 0.12 | 8.48 | 9.23 |
| Return ratios | ||||||||
| Return on assets % | — | — | 1.2% | -18.7% | -7.6% | 11.4% | 39% | 23.9% |
| Return on capital employed % | — | — | 21.4% | -15.2% | -4.1% | 12.6% | 50.9% | 36.1% |
| Return on equity % | — | — | 6.2% | -43.8% | -7.7% | 11.6% | 40.7% | 32.7% |
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.