Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 2.9% | 2.9% | 2.4% | 2.6% | 4.1% | 2.5% | 5.7% |
| EBITDA margin % | 3.9% | 1.1% | 1.1% | 2.2% | 2.3% | 2.6% | -89.8% | 4.7% |
| EBIT margin % | 3.3% | -0.6% | -3% | 0.3% | 0.2% | 0.1% | -91% | 3.3% |
| PAT margin % | 0.3% | 0.1% | -2% | 0.5% | 0.2% | -0.3% | -90.9% | 11.8% |
| Working capital | ||||||||
| Receivable days | — | — | — | 2,091 | 1,956 | 2,740 | 1,313 | 1,552 |
| Inventory days | — | — | — | 34 | 14 | 34 | 50 | 83 |
| Payable days | — | — | — | 1,046 | 170 | 0 | 790 | 925 |
| NWC days | — | — | — | 1,078 | 1,800 | 2,774 | 574 | 709 |
| Leverage | ||||||||
| Current ratio | — | — | — | 1.53 | 1.67 | — | 1.29 | 1.32 |
| Debt to EBITDA | — | — | — | 43.19 | 0 | 0 | — | 20.8 |
| Debt to equity | — | — | — | 0.42 | 0 | 0 | 0.79 | 0.79 |
| Interest coverage | 1.1 | 0.8 | — | — | — | — | — | — |
| Asset turnover | — | — | — | 0.16 | 0.18 | 0.13 | 0.25 | 0.21 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 0.1% | 0% | -0% | -23.2% | 2.5% |
| Return on capital employed % | — | — | — | 0.1% | 0.1% | 0% | -32.9% | 9.7% |
| Return on equity % | — | — | — | 0.2% | 0.1% | -0.1% | -92% | 9.5% |
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.