Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 85.9% | 85.9% | 90.9% | 96.6% | 95.9% | — | — | — |
| EBITDA margin % | 24.3% | -1,940.4% | -114.2% | -5.6% | -134.3% | -207.3% | 59.7% | 51% |
| EBIT margin % | -34.4% | -2,007.7% | -153.2% | -55% | -184.5% | -250% | 40% | 50.4% |
| PAT margin % | -26.4% | -1,866.5% | -148.3% | -128.8% | -151.3% | -313.7% | 134.7% | 28.5% |
| Working capital | ||||||||
| Receivable days | — | — | 780 | 1,383 | 1,386 | 342 | 433 | 549 |
| Inventory days | — | — | 2,281 | 9,677 | 5,043 | 58 | 278 | 257 |
| Payable days | — | — | 9,162 | 40,027 | 35,771 | 402 | 1,003 | 869 |
| NWC days | — | — | -6,101 | -28,966 | -29,342 | -2 | -291 | -62 |
| Leverage | ||||||||
| Current ratio | — | — | 0.36 | 0.33 | 0.27 | 0.13 | 0.18 | 0.21 |
| Debt to EBITDA | — | — | — | — | — | — | 9.18 | 11.94 |
| Debt to equity | — | — | -0.02 | -0 | -0.77 | -0.58 | -0.69 | -0.7 |
| Interest coverage | 0.6 | -49.9 | -2.5 | -0.4 | -1.8 | -3.4 | 3.6 | 2.2 |
| Asset turnover | — | — | 0.16 | 0.1 | 0.11 | 0.2 | 0.24 | 0.22 |
| Return ratios | ||||||||
| Return on assets % | — | — | -24.2% | -12.5% | -16.8% | -63.7% | 32.5% | 6.2% |
| Return on capital employed % | — | — | 31.3% | 4% | 14.2% | 18.5% | -23.6% | -7.4% |
| Return on equity % | — | — | 35.1% | 13.8% | 13.1% | 24.3% | -16.9% | -3.3% |
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.