Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 81.9% | 85.5% | 88.1% | — | — |
| EBITDA margin % | 0.2% | 1.9% | -11% | -142.3% | 4.4% | 22.7% | 14.5% | 16.6% |
| EBIT margin % | -13.6% | -8.9% | -26.4% | -204.2% | -11.2% | 14.9% | 7.4% | 7.4% |
| PAT margin % | -1.5% | -3.4% | -22.3% | -159.3% | -6.9% | 13.8% | 7.7% | 21.1% |
| Working capital | ||||||||
| Receivable days | — | — | — | 4 | 7 | 8 | — | — |
| Inventory days | — | — | — | 249 | 85 | 41 | — | — |
| Payable days | — | — | — | 757 | 264 | 155 | — | — |
| NWC days | — | — | — | -504 | -172 | -106 | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | 0.32 | 0.55 | 1.45 | — | — |
| Debt to EBITDA | — | — | — | — | 1 | 0.11 | — | — |
| Debt to equity | — | — | — | 0.07 | 0.01 | 0.01 | — | — |
| Interest coverage | 0.1 | -2.2 | -6.4 | -14.3 | -2.4 | 92.3 | 42.2 | 12.2 |
| Asset turnover | — | — | — | 0.04 | 0.13 | 0.24 | — | — |
| Return ratios | ||||||||
| Return on assets % | — | — | — | -6.3% | -0.9% | 3.2% | — | — |
| Return on capital employed % | — | — | — | -8.2% | -0.7% | 4.4% | — | — |
| Return on equity % | — | — | — | -7.4% | -1% | 3.7% | — | — |
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.