Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 7.3% | 2.4% | 6.7% | 17.5% | 42.9% | -150% |
| EBITDA margin % | -5% | -25.2% | -14.6% | -6.9% | 1.1% | 13.8% | -126.8% | -7,050% |
| EBIT margin % | -5% | -25.2% | -14.6% | -6.9% | 1.1% | 13.8% | -126.8% | -7,050% |
| PAT margin % | -13.5% | -66.8% | 107.7% | 3.8% | 2.1% | 77.2% | 1,132.1% | -45,000% |
| Working capital | ||||||||
| Receivable days | 154 | 109 | 122 | 15 | 26 | 0 | 0 | 0 |
| Inventory days | 60 | 0 | 48 | 68 | 280 | 15 | 10,665 | 67,890 |
| Payable days | 0 | 0 | 46 | 98 | 88 | 127 | 787 | 0 |
| NWC days | 214 | 109 | 123 | -14 | 218 | -112 | 9,878 | 67,890 |
| Leverage | ||||||||
| Current ratio | — | 11.79 | 4.62 | 0.62 | 5.4 | 2.23 | 2.5 | 1.15 |
| Debt to EBITDA | — | — | — | — | 0 | 0 | — | — |
| Debt to equity | — | — | 0.02 | 0 | 0 | 0 | 0 | 0.17 |
| Interest coverage | — | — | — | — | — | — | — | -115.6 |
| Asset turnover | 1.06 | 1.01 | 0.32 | 0.43 | 0.46 | 0.49 | 0.01 | 0 |
| Return ratios | ||||||||
| Return on assets % | -14.3% | -67.3% | 34.9% | 1.6% | 1% | 37.9% | 9.8% | -11.3% |
| Return on capital employed % | -12.6% | -56.4% | 54.9% | 2.4% | 0.2% | 63.8% | 17.2% | -16.8% |
| Return on equity % | -14.4% | -70.2% | 38.7% | 2% | 1.1% | 46.1% | 11.2% | -16% |
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.