Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 13.3% | 27.8% | -7.2% | 19.2% | 24.9% | 16.8% | 7% | -29.3% |
| EBIT margin % | -3.7% | 12.7% | -30% | 0.7% | -12.8% | -7% | -14.7% | -50% |
| PAT margin % | -14.6% | 0.5% | -47% | -7.7% | 46% | 1% | 17.9% | 10.8% |
| Working capital | ||||||||
| Receivable days | — | — | 107 | 131 | 301 | 271 | 292 | 46 |
| Inventory days | — | — | 7 | 39 | 77 | 72 | 88 | 48 |
| Payable days | — | — | 6 | 7 | 9 | 31 | 34 | 3 |
| NWC days | — | — | 107 | 164 | 369 | 313 | 346 | 91 |
| Leverage | ||||||||
| Current ratio | — | — | 0.38 | 2.65 | 1.39 | 2.23 | 3.45 | 13.31 |
| Debt to EBITDA | — | — | — | 3.31 | 1.59 | 0 | 1.7 | — |
| Debt to equity | — | — | 1.77 | 0.58 | 0.13 | 0 | 0.03 | 0.02 |
| Interest coverage | 0.2 | 1 | -1.2 | 0.3 | 3.2 | 0.7 | 9.7 | -9.9 |
| Asset turnover | — | — | 0.2 | 0.43 | 0.23 | 0.25 | 0.17 | 0.21 |
| Return ratios | ||||||||
| Return on assets % | — | — | -9.3% | -3.4% | 10.6% | 0.2% | 3% | 2.2% |
| Return on capital employed % | — | — | -10.2% | 2% | 7.4% | 0.2% | 3.3% | -3.5% |
| Return on equity % | — | — | -32.3% | -7.1% | 15.3% | 0.3% | 3.9% | 2.6% |
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.