Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 49.1% | — | 62.7% | — | 55% | — | — |
| EBITDA margin % | 4.9% | -28.2% | -1,528% | -468.2% | -14,366.7% | -137.2% | -2,577.8% | -3,121.7% |
| EBIT margin % | 1.7% | -37.3% | -3,242% | -1,160.9% | -24,883.3% | -246.4% | -3,800% | -4,339.1% |
| PAT margin % | 0.2% | -23.9% | -3,994% | 1,616.4% | -10,266.7% | -19% | 563% | -2,521.7% |
| Working capital | ||||||||
| Receivable days | — | — | — | 46 | 852 | 14 | 135 | 159 |
| Inventory days | — | — | — | 9,428 | 494 | 2,083 | 397 | 372 |
| Payable days | — | — | — | 6,855 | 49 | 401 | 80 | 80 |
| NWC days | — | — | — | 2,619 | 1,296 | 1,696 | 452 | 451 |
| Leverage | ||||||||
| Current ratio | — | — | — | 0.31 | 0.31 | 0.29 | 0.28 | 0.23 |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | — | — | — | 1.73 | 0 | 0 | 0 | 0 |
| Interest coverage | 1.1 | -2.1 | -1.3 | 4 | -1.9 | 0.7 | 1.9 | -5 |
| Asset turnover | — | — | — | 0.01 | 0 | 0.04 | 0 | 0 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 16.3% | -6.2% | -0.7% | 1.8% | -7.5% |
| Return on capital employed % | — | — | — | 51.9% | -9.4% | 3.4% | 9.8% | -17.9% |
| Return on equity % | — | — | — | 132.5% | -78% | -8.7% | 15.9% | -139.4% |
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.