Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 2.1% | 5.1% | 8.7% | -0% | 0.7% | 0.4% | 1.6% |
| EBITDA margin % | 1.6% | 1.7% | 3.4% | 4.9% | -1.7% | 0.5% | 0.4% | 1.3% |
| EBIT margin % | 1.6% | 1.6% | 3.3% | 4.8% | -1.8% | 0.5% | 0.4% | 1.3% |
| PAT margin % | 2.3% | 1.6% | 3.3% | 20.2% | 0.7% | 1% | 0.8% | 2.5% |
| Working capital | ||||||||
| Receivable days | — | — | 94 | 0 | 76 | 0 | 2 | 0 |
| Inventory days | — | — | 13 | 216 | 29 | 0 | 1 | 3 |
| Payable days | — | — | 24 | 74 | 0 | 0 | 2 | 0 |
| NWC days | — | — | 83 | 143 | 104 | 0 | 2 | 3 |
| Leverage | ||||||||
| Current ratio | — | — | 1.28 | 2.3 | 1.38 | 6.62 | 2.6 | 45.33 |
| Debt to EBITDA | — | — | 10.42 | 7.71 | — | 0.65 | 0.01 | 0.02 |
| Debt to equity | — | — | 1.46 | 0.09 | 0.47 | 0.03 | 0 | 0 |
| Interest coverage | 3.6 | 1.9 | 4.8 | 3.9 | 2 | 7.5 | 444 | 2,491 |
| Asset turnover | — | — | 1.52 | 0.2 | 1.03 | 7.44 | 12.88 | 4.88 |
| Return ratios | ||||||||
| Return on assets % | — | — | 5% | 4% | 0.7% | 7% | 10.6% | 12.2% |
| Return on capital employed % | — | — | 23% | 7.7% | 2.6% | 10.5% | 16.6% | 16.3% |
| Return on equity % | — | — | 13.8% | 4.6% | 1% | 7.3% | 13.7% | 12.4% |
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.