Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 51% | 39% | 30.1% | 29.3% | 21.8% | 28.4% |
| EBITDA margin % | 4.8% | -19.4% | 12.3% | -0.5% | 1% | -0.1% | -16.1% | -3.1% |
| EBIT margin % | 4.4% | -19.9% | 12% | -0.8% | 0.8% | -0.3% | -16.4% | -3.4% |
| PAT margin % | 10.6% | -31.6% | 3.8% | -5.4% | -8% | -7.9% | 73.1% | -2.3% |
| Working capital | ||||||||
| Receivable days | — | — | 2 | — | 10 | 10 | 14 | 5 |
| Inventory days | — | — | 92 | — | 41 | 51 | 49 | 41 |
| Payable days | — | — | 41 | — | 34 | 50 | 42 | 14 |
| NWC days | — | — | 53 | — | 18 | 10 | 20 | 32 |
| Leverage | ||||||||
| Current ratio | — | — | 0.24 | — | 0.22 | 0.27 | 1.37 | 1.3 |
| Debt to EBITDA | — | — | 1.52 | — | 114.51 | — | — | — |
| Debt to equity | — | — | 1.29 | — | 98.85 | 66.25 | 0.1 | 0.18 |
| Interest coverage | 2.1 | -0.7 | 1.3 | 0.5 | 0.2 | 0.2 | -1.5 | -0 |
| Asset turnover | — | — | 0.3 | — | 0.43 | 0.45 | 0.34 | 0.37 |
| Return ratios | ||||||||
| Return on assets % | — | — | 1.1% | — | -3.4% | -3.5% | 25.1% | -0.8% |
| Return on capital employed % | — | — | 21% | — | 9% | 7.4% | -8.7% | -0% |
| Return on equity % | — | — | 25.8% | — | -687% | -494.4% | 35.4% | -1.2% |
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.