Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 63.2% | 72% | 71% | 64.7% | 65.3% | 33% | 86.2% |
| EBITDA margin % | -7.6% | -6.3% | -4.5% | -0.5% | 3.6% | -6.8% | -193.7% | -280% |
| EBIT margin % | -9.5% | -9% | -7.6% | -3.4% | 0.5% | -12.1% | -208.8% | -304.4% |
| PAT margin % | 28.3% | 2.4% | 50.2% | 39.3% | 133% | 34.3% | 1,122.8% | 14,814% |
| Working capital | ||||||||
| Receivable days | — | — | 72 | 53 | 49 | 65 | 51 | 37 |
| Inventory days | — | — | 242 | 275 | 152 | 204 | 26 | 260 |
| Payable days | — | — | 311 | 273 | 156 | 167 | 618 | 8,160 |
| NWC days | — | — | 3 | 56 | 45 | 101 | -542 | -7,863 |
| Leverage | ||||||||
| Current ratio | — | — | 1.31 | 5.63 | 8.18 | 10.55 | 17.47 | 7.69 |
| Debt to EBITDA | — | — | — | — | 0 | — | — | — |
| Debt to equity | — | — | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| Interest coverage | 14.2 | 2.4 | 37.6 | 42.7 | 333.7 | 58.6 | 258.6 | 763.4 |
| Asset turnover | — | — | 0.17 | 0.14 | 0.21 | 0.13 | 0.01 | 0 |
| Return ratios | ||||||||
| Return on assets % | — | — | 8.5% | 5.7% | 28.2% | 4.6% | 14.7% | 55.9% |
| Return on capital employed % | — | — | 10.8% | 9.1% | 45.8% | 7% | 13.9% | 14.5% |
| Return on equity % | — | — | 12.4% | 11.3% | 36.4% | 6.5% | 21.4% | 66.5% |
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.