Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | — | — | — | -192.3% | — | — | 58.5% | 54.7% |
| EBIT margin % | — | — | — | -215.4% | — | — | 56% | 52.9% |
| PAT margin % | — | — | — | -350% | — | — | 6% | 9.9% |
| Working capital | ||||||||
| Receivable days | — | — | — | 70 | — | — | 504 | 1,088 |
| Inventory days | — | — | — | 16,800 | — | — | 15,383 | 12,641 |
| Payable days | — | — | — | 379 | — | — | 493 | 336 |
| NWC days | — | — | — | 16,490 | — | — | 15,394 | 13,394 |
| Leverage | ||||||||
| Current ratio | — | — | 0.86 | 0.84 | 0.84 | 0.81 | 1.13 | 1.07 |
| Debt to EBITDA | — | — | — | — | — | — | 15.15 | 16.68 |
| Debt to equity | — | — | 0.47 | 0.51 | 0.53 | 0.59 | 0.14 | 0.17 |
| Interest coverage | -0 | -0.1 | -1.2 | -0.8 | -1.3 | -1.3 | 1 | 1.1 |
| Asset turnover | — | — | 0 | 0 | 0 | 0 | 0.01 | 0.01 |
| Return ratios | ||||||||
| Return on assets % | — | — | -1.5% | -1.2% | -1.7% | -1.7% | 0.1% | 0.1% |
| Return on capital employed % | — | — | -1.9% | -1.3% | -2.4% | -2.5% | 4.4% | 3.4% |
| Return on equity % | — | — | -3.5% | -3% | -4.3% | -4.6% | 0.1% | 0.2% |
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.