Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 92% | 82.8% | — | — | — | 90.6% |
| EBITDA margin % | -34.7% | -3.1% | -53.2% | 14.5% | 9.7% | -26.5% |
| EBIT margin % | -40.8% | -7.4% | -60.1% | 2.5% | 1.3% | -34% |
| PAT margin % | -31.7% | -4.6% | -45.1% | 0.7% | 3.7% | -34.7% |
| Working capital | ||||||
| Receivable days | — | — | 34 | 40 | 44 | 44 |
| Inventory days | — | — | 52 | 100 | 139 | 909 |
| Payable days | — | — | 56 | 56 | 20 | 193 |
| NWC days | — | — | 30 | 83 | 164 | 760 |
| Leverage | ||||||
| Current ratio | — | — | 3.08 | 4.84 | 7.22 | 25.97 |
| Debt to EBITDA | — | — | — | 0 | 0 | — |
| Debt to equity | — | — | 0 | 0 | 0 | 0 |
| Interest coverage | — | — | — | 3.1 | 5 | -172 |
| Asset turnover | — | — | 0.71 | 0.68 | 0.53 | 0.39 |
| Return ratios | ||||||
| Return on assets % | — | — | -31.9% | 0.5% | 2% | -13.6% |
| Return on capital employed % | — | — | -50.6% | 2.4% | 2.1% | -14.6% |
| Return on equity % | — | — | -41.4% | 0.6% | 2.3% | -14.3% |
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.