Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 37.5% | 32.9% | 64.4% | 50.3% | 69.4% |
| EBITDA margin % | -0.3% | 1.6% | -3% | 8.3% | 8.6% | -51.1% | -51.8% | -37.5% |
| EBIT margin % | -115.8% | -99.1% | -44.5% | -3.1% | 0.5% | -83.4% | -64% | -56.5% |
| PAT margin % | -30.3% | -126.1% | -48.3% | 0.6% | -4.1% | 2,795.4% | 30.3% | 26.5% |
| Working capital | ||||||||
| Receivable days | — | — | — | 87 | 79 | 247 | 101 | 82 |
| Inventory days | — | — | — | 85 | 71 | 60 | 21 | 30 |
| Payable days | — | — | — | 116 | 100 | 439 | 91 | 154 |
| NWC days | — | — | — | 56 | 50 | -132 | 31 | -42 |
| Leverage | ||||||||
| Current ratio | — | — | — | 0.5 | 0.52 | 0.64 | 0.78 | 1.15 |
| Debt to EBITDA | — | — | — | 26.96 | 18.78 | — | — | — |
| Debt to equity | — | — | — | 11.17 | 15.89 | 0.02 | 0.02 | 0.02 |
| Interest coverage | -5.3 | -3.3 | -1.1 | 0.1 | 0.3 | -17.6 | -1.1 | 2.4 |
| Asset turnover | — | — | — | 0.33 | 0.46 | 0.03 | 0.04 | 0.03 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 0.2% | -1.9% | 86% | 1.2% | 0.9% |
| Return on capital employed % | — | — | — | 0.7% | 2.8% | -1.6% | -0.6% | 2.2% |
| Return on equity % | — | — | — | 2.9% | -41% | 95.2% | 1.3% | 1% |
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.