Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 28.8% | 24.4% | 20.6% | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | — | — | — | -38.5% | -70.4% | -145.8% | -14.8% | -2.6% |
| EBIT margin % | — | — | — | -39.6% | -71.5% | -147.7% | -17.6% | -8.9% |
| PAT margin % | 3.3% | -40.3% | -5.7% | -116.2% | -206.4% | 295.7% | -18.7% | -9.8% |
| Working capital | ||||||||
| Receivable days | 100 | 123 | 154 | 87 | 104 | — | — | — |
| Inventory days | 45 | 38 | 58 | 62 | 38 | 15 | 28 | — |
| Payable days | — | — | 3 | 9 | 1 | — | — | — |
| NWC days | — | — | 208 | 139 | 140 | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | 0.99 | 2.19 | 2.42 | -2.26 | -1.53 | 4.27 | 0.03 | — |
| Interest coverage | — | — | — | — | -0.5 | 7.2 | -7.2 | -4 |
| Asset turnover | 0.22 | 0.28 | 0.19 | 0.2 | 0.2 | 0.24 | 0.43 | — |
| Return ratios | ||||||||
| Return on assets % | 0.7% | -11.2% | -1.1% | -23.6% | -41.1% | 71.2% | -8.1% | — |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 4.7% | -119.3% | -12.7% | 39.8% | 41.6% | 517.1% | -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.