Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 4.6% | 3.5% | — | — | — | 17.6% |
| EBITDA margin % | 1.5% | -0.3% | -0.3% | 0.5% | 0.5% | 1.4% | -2.3% | -875% |
| EBIT margin % | 1.1% | -0.9% | -1% | 0.4% | 0.4% | 1.3% | -2.3% | -882.4% |
| PAT margin % | 0.3% | -1.3% | -1.2% | 0.2% | -0.9% | 0.1% | -3.4% | -1,335.3% |
| Working capital | ||||||||
| Receivable days | 15 | 20 | 14 | 26 | 48 | 71 | 38 | 252 |
| Inventory days | 6 | 27 | 55 | 21 | 6 | 41 | 0 | 0 |
| Payable days | — | — | 20 | 28 | — | — | 0 | 476 |
| NWC days | — | — | 49 | 19 | — | — | 38 | -224 |
| Leverage | ||||||||
| Current ratio | 1.63 | 1.33 | 1.29 | 1.34 | 1.56 | 1.3 | 3.31 | 11.62 |
| Debt to EBITDA | 1.55 | — | — | 21.04 | 18.73 | 9.83 | — | — |
| Debt to equity | 0.33 | 0.87 | 0.96 | 1.22 | 0.95 | 1.22 | 0.02 | 0 |
| Interest coverage | 1.4 | -0.4 | 0.1 | 1.1 | 0.4 | 1.1 | -0.7 | -26.3 |
| Asset turnover | 8.34 | 4.47 | 3.53 | 3.78 | 3.94 | 2.49 | 0.4 | 0 |
| Return ratios | ||||||||
| Return on assets % | 2.9% | -5.7% | -4.1% | 0.7% | -3.5% | 0.1% | -1.4% | -3% |
| Return on capital employed % | 22.5% | -4.2% | 1.3% | 12.5% | 6% | 13% | -1.3% | -1.8% |
| Return on equity % | 4.9% | -12.5% | -10.5% | 2.1% | -9.1% | 0.4% | -1.4% | -3.1% |
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.