Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | -4.1% | -2.6% | -12.7% | 2% | 2% | — | -2.2% | — |
| EBIT margin % | -4.1% | -2.7% | -13.2% | 1.5% | 1.5% | — | -3% | — |
| PAT margin % | 6.2% | 2.2% | -5.4% | 6.7% | 1.2% | — | 2.2% | — |
| Working capital | ||||||||
| Receivable days | — | — | — | — | — | — | — | — |
| Inventory days | 602 | 88 | 30 | 200 | 16 | — | — | — |
| Payable days | 687 | 79 | 63 | 281 | 107 | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | 1.03 | — | 0.77 | — | — | — | — | — |
| Debt to EBITDA | — | — | — | 0.23 | 1.1 | — | — | — |
| Debt to equity | 0.03 | 0.05 | 0.06 | 0 | 0.03 | — | — | — |
| Interest coverage | 3.7 | 13.5 | -3.9 | 9.7 | 3.7 | 3.2 | 2.6 | 2.5 |
| Asset turnover | 0.33 | 1.42 | 0.77 | 0.55 | 0.86 | — | — | — |
| Return ratios | ||||||||
| Return on assets % | 2.1% | 3.1% | -4.2% | 3.7% | 1% | — | — | — |
| Return on capital employed % | 11.4% | 5.4% | -2.6% | 8.7% | 2.5% | — | — | — |
| Return on equity % | 7.8% | 6.1% | -5.4% | 7.3% | 1.5% | — | — | — |
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.