Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 34.9% | 37.1% | ||||
| 93.4% |
| 46.4% |
| 57.5% |
| 58.4% |
| EBITDA margin % | -2.5% | -444.6% | -151.4% | 17.2% | 13.2% | 22.5% | 29.2% | 28.4% |
| EBIT margin % | -6.9% | -602.9% | -777.1% | 8.9% | -21.4% | 19.7% | 26.6% | 24.2% |
| PAT margin % | -110.5% | -567.8% | -496.3% | 9% | 2.6% | 113.3% | 15.9% | -15% |
| Working capital | ||||||||
| Receivable days | — | — | 1,326 | 15 | 143 | 169 | 302 | 430 |
| Inventory days | — | — | 972 | 51 | 7,805 | 100 | 225 | 293 |
| Payable days | — | — | 324 | 8 | 290 | 42 | 92 | 326 |
| NWC days | — | — | 1,974 | 59 | 7,658 | 227 | 435 | 396 |
| Leverage | ||||||||
| Current ratio | — | — | 0.3 | 4.73 | 1.88 | 3.32 | 1.95 | 1.61 |
| Debt to EBITDA | — | — | — | 0.19 | 13.54 | 0.94 | 2.42 | 1.79 |
| Debt to equity | — | — | -12.46 | 0.02 | 0.18 | 0.1 | 0.2 | 0.21 |
| Interest coverage | -0.4 | -452.3 | -59.2 | 3.5 | 1.3 | 7.8 | 3.8 | 3.7 |
| Asset turnover | — | — | 0.02 | 0.49 | 0.08 | 0.39 | 0.22 | 0.28 |
| Return ratios | ||||||||
| Return on assets % | — | — | -9.5% | 4.4% | 0.2% | 43.9% | 3.5% | -4.2% |
| Return on capital employed % | — | — | -22.3% | 9.4% | 1.1% | 14% | 9.9% | 9.8% |
| Return on equity % | — | — | 242.6% | 4.7% | 0.2% | 50.7% | 4.4% | -6.3% |
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.