Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 2.4% | 80.8% | — | — | — | — |
| EBITDA margin % | 17.1% | -0.9% | — | 25.3% | 45.4% | 39.7% | 26.8% | -800% |
| EBIT margin % | 16.1% | -2.4% | — | 23.2% | 44.2% | 38.2% | 24.4% | -800% |
| PAT margin % | 23.6% | -2.4% | -51% | 5.1% | 1.2% | 19.1% | 4.9% | 100% |
| Working capital | ||||||||
| Receivable days | — | — | — | 0 | — | — | — | 0 |
| Inventory days | — | 189 | 237 | 922 | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | — | — | — | 10 |
| NWC days | — | — | — | — | — | — | — | -10 |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | 19.17 |
| Debt to EBITDA | — | — | — | 18.76 | 5.77 | 3.33 | 7.09 | — |
| Debt to equity | — | — | — | 0.11 | 0.05 | 0.02 | 0.02 | 0 |
| Interest coverage | 55.7 | 4 | 0.1 | 1.1 | 1.1 | 2.4 | 1.4 | — |
| Asset turnover | — | 0.07 | 0.06 | 0.02 | 0.02 | 0.01 | 0.01 | 0 |
| Return ratios | ||||||||
| Return on assets % | — | -0.2% | -3.1% | 0.1% | 0% | 0.3% | 0% | 0.1% |
| Return on capital employed % | — | — | — | — | — | — | — | 0.1% |
| Return on equity % | — | -0.2% | -3.3% | 0.1% | 0% | 0.3% | 0% | 0.1% |
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.