Standalone figures
| Ratio | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | 37.9% | 68.1% | 26.6% | 84.3% | 92.9% | 94.3% |
| EBIT margin % | 37.9% | 66.4% | 26.2% | 84.3% | 92.8% | 94.3% |
| PAT margin % | 0.5% | 13% | 9.8% | 22.4% | 36.3% | 42% |
| Working capital | ||||||
| Receivable days | — | — | — | — | — | — |
| Inventory days | 321 | 1,080 | — | 1,117 | 972 | 787 |
| Payable days | — | — | — | 0 | — | — |
| NWC days | — | — | — | — | — | — |
| Leverage | ||||||
| Current ratio | 1.84 | 2.53 | — | — | — | — |
| Debt to EBITDA | 12.72 | 8.31 | — | 5.1 | 4.59 | 3.37 |
| Debt to equity | 0.68 | 0.34 | — | 0.22 | 0.15 | 0.13 |
| Interest coverage | 1 | 1.3 | 1.6 | 1.4 | 2.2 | 3.6 |
| Asset turnover | 0.08 | 0.04 | — | 0.04 | 0.03 | 0.03 |
| Return ratios | ||||||
| Return on assets % | 0% | 0.5% | — | 0.8% | 1.1% | 1.4% |
| Return on capital employed % | 5.3% | 4% | — | — | — | — |
| Return on equity % | 0.1% | 0.8% | — | 1.1% | 1.3% | 1.7% |
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.