Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 0% | 22.1% | — | — | — |
| EBITDA margin % | — | -25% | — | -1,300% | 7.8% | -129.3% | 12.8% | 10.6% |
| EBIT margin % | — | -25% | — | -1,300% | 3.2% | -133.5% | 8.9% | 10% |
| PAT margin % | — | 5% | — | -400% | 2.2% | -134.9% | 8.4% | 10.8% |
| Working capital | ||||||||
| Receivable days | — | — | — | 0 | 12 | — | 100 | 80 |
| Inventory days | — | — | — | 0 | 746 | — | 291 | 54 |
| Payable days | — | — | — | 365 | 1,264 | — | — | — |
| NWC days | — | — | — | -365 | -506 | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | 13.06 | 1.51 | — | — | — |
| Debt to EBITDA | — | — | — | — | 18.38 | — | 19.58 | 0.01 |
| Debt to equity | — | — | — | 0.11 | 6.97 | — | -2.05 | 0 |
| Interest coverage | — | — | — | — | 3.2 | -62.6 | 10.3 | 129.7 |
| Asset turnover | — | — | — | 0 | 0.23 | — | 0.48 | 1.76 |
| Return ratios | ||||||||
| Return on assets % | — | — | -50% | -1.1% | 0.5% | — | 4% | 19.1% |
| Return on capital employed % | — | — | — | -1.2% | 4.7% | — | 5.4% | 23% |
| Return on equity % | — | — | — | -1.3% | 10.8% | — | -6.9% | 26.5% |
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.