Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | -36.7% | -134.1% | -92.4% | -47.1% | -63.9% | 6.6% | -6.3% | -30.3% |
| EBIT margin % | -53.3% | -156.8% | -153.1% | -80.9% | -87.5% | -12.3% | -22.5% | -45.8% |
| PAT margin % | -36.3% | -95.8% | -50.2% | -42.6% | -30% | 22.4% | 17.1% | 2,098.1% |
| Working capital | ||||||||
| Receivable days | — | — | 102 | 50 | 7 | 14 | 26 | 35 |
| Inventory days | — | — | 10,209 | 6,740 | 4,657 | 7,159 | 5,594 | 4,652 |
| Payable days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| NWC days | — | — | 10,311 | 6,790 | 4,665 | 7,172 | 5,619 | 4,687 |
| Leverage | ||||||||
| Current ratio | — | — | 1.84 | 1.83 | 1.89 | 1.93 | 1.99 | 3.38 |
| Debt to EBITDA | — | — | — | — | — | 3.1 | — | — |
| Debt to equity | — | — | 0.05 | 0.04 | 0.03 | 0.02 | 0 | 0 |
| Interest coverage | -2.3 | -6 | -0.7 | -2.7 | -2.6 | 4.3 | 7 | -1.1 |
| Asset turnover | — | — | 0.01 | 0.02 | 0.03 | 0.03 | 0.04 | 0.02 |
| Return ratios | ||||||||
| Return on assets % | — | — | -0.6% | -1% | -0.9% | 0.8% | 0.7% | 46.6% |
| Return on capital employed % | — | — | -0.4% | -1.1% | -1% | 1.5% | 1.2% | -0.2% |
| Return on equity % | — | — | -1.3% | -2.3% | -2.1% | 1.8% | 1.5% | 64.3% |
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.