Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 51.1% | — | 7% | 6.7% | 10.8% | 66.3% | 13% | 14.6% |
| EBITDA margin % | -0.5% | -19.5% | -22.1% | -52.4% | -35.8% | -526.9% | -30% | -5.2% |
| EBIT margin % | -1.9% | -21.1% | -24.3% | -55.3% | -38.1% | -528.9% | -31.2% | -6% |
| PAT margin % | -16.6% | -41.6% | -52.9% | -105.5% | -85.7% | 524.4% | 28.3% | 33.9% |
| Working capital | ||||||||
| Receivable days | — | — | 325 | 378 | 144 | 65 | 87 | 131 |
| Inventory days | — | — | 190 | 274 | 255 | 498 | 86 | 94 |
| Payable days | — | — | 299 | 382 | 372 | 1,129 | 223 | 183 |
| NWC days | — | — | 216 | 270 | 28 | -565 | -51 | 41 |
| Leverage | ||||||||
| Current ratio | — | — | 0.2 | 0.15 | 0.1 | 0.63 | 0.98 | 1.62 |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | — | — | -3.42 | -2.6 | -2.18 | 5.86 | 0 | 0 |
| Interest coverage | 0.3 | -0.3 | -0.4 | -0.9 | -0.7 | -94.4 | 1.4 | 2.2 |
| Asset turnover | — | 1.33 | 0.16 | 0.11 | 0.13 | 0.32 | 0.46 | 0.6 |
| Return ratios | ||||||||
| Return on assets % | — | -55.2% | -8.5% | -11.7% | -10.9% | 165.4% | 13.1% | 20.2% |
| Return on capital employed % | — | — | 10.7% | 14.2% | 8.1% | -1,178.3% | 17.2% | 5.4% |
| Return on equity % | — | — | 27.5% | 25.1% | 17.7% | 10,566.2% | 28.6% | 36.2% |
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.