Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 33% | 23.9% | — | — | — | — |
| EBITDA margin % | -54.9% | -78.6% | -24.5% | -164.5% | 46.2% | 44.3% | 31.7% | 40.5% |
| EBIT margin % | -99% | -96.4% | -39.4% | -202.9% | -37.8% | -49.3% | -45.6% | -33.9% |
| PAT margin % | -87.2% | -80.8% | -25.2% | 1,192% | -123.9% | -148.3% | -5.8% | 77.8% |
| Working capital | ||||||||
| Receivable days | — | 12 | 15 | 13 | 4 | 0 | 0 | 0 |
| Inventory days | — | 52 | 97 | 160 | — | 0 | 0 | 0 |
| Payable days | — | 152 | 277 | 24 | — | 18 | 15 | 14 |
| NWC days | — | -88 | -165 | 149 | — | -18 | -15 | -14 |
| Leverage | ||||||||
| Current ratio | — | 0.98 | 1.73 | 65.6 | 5.35 | 5.02 | 8.77 | 13.14 |
| Debt to EBITDA | — | — | — | — | 3.96 | 3.34 | 3.6 | 2.68 |
| Debt to equity | — | — | 0 | 0 | 0.09 | 0.09 | 0.09 | 0.08 |
| Interest coverage | — | — | — | — | -2.5 | -1 | -2.3 | -0.6 |
| Asset turnover | — | 0.12 | 0.1 | 0.02 | 0.04 | 0.05 | 0.07 | 0.06 |
| Return ratios | ||||||||
| Return on assets % | — | -9.5% | -2.6% | 28.9% | -5.3% | -8% | -0.4% | 4.8% |
| Return on capital employed % | — | -12.2% | -3.2% | 35.8% | -1% | -0.8% | -1.9% | -0.5% |
| Return on equity % | — | -11.6% | -2.9% | 30.1% | -6.1% | -9.4% | -0.4% | 5.5% |
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.