Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | — | — |
| EBITDA margin % | — | — | 28.6% | 18.1% | -50% | 7.3% | -4% |
| EBIT margin % | — | — | 28.6% | 17.9% | -51.3% | 0.3% | -31.6% |
| PAT margin % | 6.8% | 9.8% | 21.3% | 13.9% | -48.2% | 9.3% | -9.3% |
| Working capital | |||||||
| Receivable days | 24 | 13 | 28 | 7 | 67 | 83 | — |
| Inventory days | — | — | — | 94 | 130 | 199 | — |
| Payable days | — | — | — | — | 0 | 0 | — |
| NWC days | — | — | — | — | 196 | 281 | — |
| Leverage | |||||||
| Current ratio | 2.68 | 1.46 | 0.13 | 32.12 | — | — | — |
| Debt to EBITDA | — | — | 0 | 0.25 | — | 0.1 | — |
| Debt to equity | 0.15 | 0.06 | 0 | 0.12 | 0.01 | 0 | — |
| Interest coverage | -1.3 | -0.6 | 860.6 | 50 | -43.9 | 20.6 | -11.1 |
| Asset turnover | 4.49 | 4.81 | 3.21 | 1.65 | 0.39 | 0.27 | — |
| Return ratios | |||||||
| Return on assets % | 30.7% | 47.2% | 68.3% | 23% | -18.8% | 2.5% | — |
| Return on capital employed % | -1.7% | -1% | 236.9% | 43% | — | — | — |
| Return on equity % | 72.6% | 75.1% | 93.6% | 37.6% | -31.4% | 3.9% | — |
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.