Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 5.3% | 12.6% | -17.9% | 1.3% | -5.9% | -9.2% | -5% | -38.3% |
| EBIT margin % | -16.3% | -7.5% | -42.3% | -9.7% | -9.9% | -12.9% | -8.6% | -41.7% |
| PAT margin % | 152.6% | 13.1% | -11.8% | 15.4% | 32% | 52% | 86% | 11.8% |
| Working capital | ||||||||
| Receivable days | — | — | 0 | 1 | 0 | 0 | 0 | 0 |
| Inventory days | — | — | 1 | 1 | 1 | 1 | 1 | 1 |
| Payable days | — | — | 158 | 53 | 53 | 53 | 61 | 45 |
| NWC days | — | — | -156 | -51 | -52 | -52 | -60 | -44 |
| Leverage | ||||||||
| Current ratio | — | — | 0.87 | 0.98 | 1.19 | 1.63 | 1.65 | 3.38 |
| Debt to EBITDA | — | — | — | 90.96 | — | — | — | — |
| Debt to equity | — | — | 0.19 | 0.16 | 0.13 | 0.09 | 0.06 | 0 |
| Interest coverage | 11.8 | 2.8 | -5.3 | 22.9 | 226.7 | — | — | — |
| Asset turnover | — | — | 0.08 | 0.1 | 0.09 | 0.1 | 0.09 | 0.09 |
| Return ratios | ||||||||
| Return on assets % | — | — | -0.9% | 1.5% | 3% | 5.2% | 7.7% | 1.1% |
| Return on capital employed % | — | — | -2% | 3.2% | 4.4% | 8.3% | 12.1% | 3.5% |
| Return on equity % | — | — | -1.3% | 2.1% | 4.2% | 6.8% | 9.7% | 1.3% |
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.