Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 12% | 5.4% | -5.6% | 4% | 0.1% | 4.7% |
| EBITDA margin % | -465.8% | -313% | 9.8% | 4.1% | -7.4% | 3.3% | -1.3% | -1% |
| EBIT margin % | -468.4% | -313% | 9.5% | 4% | -7.5% | 3.3% | -1.3% | -1% |
| PAT margin % | -292.1% | -188.9% | 10.5% | 3% | -8.2% | 3.1% | -1.3% | -1.7% |
| Working capital | ||||||||
| Receivable days | — | — | 0 | 0 | 0 | 1 | 0 | 3 |
| Inventory days | — | — | 191 | 63 | 63 | 24 | 34 | 99 |
| Payable days | — | — | 0 | 0 | 2 | 0 | 0 | 0 |
| NWC days | — | — | 191 | 63 | 61 | 25 | 34 | 102 |
| Leverage | ||||||||
| Current ratio | — | — | 3.75 | 2.06 | 1.73 | 15.89 | 2.51 | 63.02 |
| Debt to EBITDA | — | — | 1.39 | 2.1 | — | 0.09 | — | — |
| Debt to equity | — | — | 0.21 | 0.4 | 0.41 | 0.03 | 0.4 | 1.11 |
| Interest coverage | — | -101 | 50.2 | 6.7 | -5.2 | 12.1 | -6.3 | -0.8 |
| Asset turnover | — | — | 1.28 | 3.2 | 2.69 | 8.85 | 7.31 | 2.88 |
| Return ratios | ||||||||
| Return on assets % | — | — | 13.4% | 9.6% | -22.2% | 27.4% | -9.7% | -4.9% |
| Return on capital employed % | — | — | 16.4% | 22.7% | -23.3% | 38.4% | -10.9% | -2.9% |
| Return on equity % | — | — | 16.4% | 13.9% | -32.1% | 28.5% | -13.6% | -10.5% |
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.