Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 0.5% | 3.4% | 1.9% | 4.4% | 5.4% | 3% | 2.2% | 6.7% |
| EBITDA margin % | -1.3% | 1.1% | 1% | 3.4% | 3.8% | 1.5% | 1.2% | 5.9% |
| EBIT margin % | -1.5% | 0.9% | 0.9% | 3.3% | 3.7% | 1.4% | 1.2% | 5.9% |
| PAT margin % | -2.1% | -4% | 0.2% | 2.7% | 2.8% | 0.8% | 0.7% | 4.5% |
| Working capital | ||||||||
| Receivable days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory days | — | — | 4 | 11 | 34 | 36 | 13 | 10 |
| Payable days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| NWC days | — | — | 4 | 11 | 34 | 36 | 13 | 10 |
| Leverage | ||||||||
| Current ratio | — | — | 12.08 | 7.3 | 16.01 | 40.57 | 73.34 | 20.08 |
| Debt to EBITDA | — | — | 0.46 | 0.33 | 0.45 | 0.05 | 0.05 | 0.01 |
| Debt to equity | — | — | 0.03 | 0.05 | 0.04 | 0 | 0 | 0 |
| Interest coverage | -1.4 | -0.6 | 4.1 | 11.9 | 9.4 | 3.8 | 6 | 33.1 |
| Asset turnover | — | — | 6.62 | 3.79 | 2.24 | 3.19 | 5.49 | 5.57 |
| Return ratios | ||||||||
| Return on assets % | — | — | 1.4% | 10.1% | 6.2% | 2.7% | 3.9% | 25% |
| Return on capital employed % | — | — | 6.8% | 14.9% | 8.9% | 5% | 6.6% | 40.3% |
| Return on equity % | — | — | 1.4% | 10.7% | 6.5% | 2.7% | 4% | 25.6% |
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.