Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 5.8% | 48.8% | — | — | — |
| EBITDA margin % | 3.4% | 2.5% | -0.1% | -12% | 5.5% | -687.4% | -1,332.3% | -63.2% |
| EBIT margin % | 3.4% | 2.5% | -0.1% | -14.8% | -1.4% | -728.2% | -1,372.9% | -73.9% |
| PAT margin % | 1.2% | 0.7% | -1.2% | -15.6% | -3.3% | -212.2% | 697% | 65.8% |
| Working capital | ||||||||
| Receivable days | — | — | — | 70 | 160 | 109 | 88 | 131 |
| Inventory days | — | — | — | 47 | 92 | 13 | 0 | 141 |
| Payable days | — | — | — | 2 | 0 | 0 | 0 | 28 |
| NWC days | — | — | — | 116 | 252 | 122 | 88 | 244 |
| Leverage | ||||||||
| Current ratio | — | — | — | 1.4 | 2.63 | 6.76 | 16.65 | 27.73 |
| Debt to EBITDA | — | — | — | — | 14.55 | — | — | — |
| Debt to equity | — | — | — | 0.49 | 0.3 | 0.04 | 0 | — |
| Interest coverage | 2 | 1.6 | 0.5 | -1.1 | 0.4 | -7.1 | 36.5 | — |
| Asset turnover | — | — | — | 0.83 | 0.28 | 0.04 | 0.02 | 0.04 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | -13% | -0.9% | -8.4% | 13.7% | 2.9% |
| Return on capital employed % | — | — | — | -14.2% | 2.1% | -6.8% | 14.1% | 7.2% |
| Return on equity % | — | — | — | -21.1% | -1.2% | -8.8% | 13.9% | 2.9% |
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.