Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 0.4% | 0.7% | 0.2% | 1.4% | 3.3% | 1.8% |
| EBITDA margin % | — | -0.3% | 0.2% | -1.3% | -1.3% | 0.4% | 1% | 0.2% |
| EBIT margin % | — | -0.3% | 0.2% | -1.3% | -1.3% | 0.4% | 1% | 0.2% |
| PAT margin % | — | 0.3% | 0.8% | 1.4% | 1% | 0.5% | 0.5% | 0.3% |
| Working capital | ||||||||
| Receivable days | — | — | 0 | 0 | 0 | 15 | 5 | 15 |
| Inventory days | — | — | 8 | 35 | 5 | 44 | 7 | 0 |
| Payable days | — | — | 0 | 36 | 13 | 27 | 4 | 0 |
| NWC days | — | — | 7 | -1 | -8 | 33 | 9 | 15 |
| Leverage | ||||||||
| Current ratio | — | — | 2.08 | 2.39 | 4.45 | 1.36 | 2.03 | 14.77 |
| Debt to EBITDA | — | — | 0 | — | — | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 2.7 | 9.6 | 19.6 | 201 | 100 | 4.5 | 2.2 | 2.2 |
| Asset turnover | — | — | 13.34 | 2.83 | 4.98 | 3.89 | 14.57 | 12.92 |
| Return ratios | ||||||||
| Return on assets % | — | — | 11.1% | 4% | 4.9% | 2.1% | 7.3% | 4.2% |
| Return on capital employed % | — | — | 29% | 9.3% | 8.6% | 13.3% | 34.8% | 11% |
| Return on equity % | — | — | 20.6% | 6.6% | 6.3% | 7.5% | 13.4% | 4.5% |
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.