Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | -22.1% | — | — | — | — |
| EBITDA margin % | — | — | — | -50.7% | -26.8% | 56.8% | -95.1% | -68.5% |
| EBIT margin % | — | — | — | -51% | -27.1% | 56.3% | -95.5% | -68.8% |
| PAT margin % | — | — | — | -10.1% | -16.8% | 80.2% | 504.7% | -51% |
| Working capital | ||||||||
| Receivable days | — | — | — | 146 | 240 | 319 | 568 | 622 |
| Inventory days | — | — | — | 4,085 | 2,143 | 11,946 | 3,092 | 2,710 |
| Payable days | — | — | — | 146 | 22 | 338 | 126 | 109 |
| NWC days | — | — | — | 4,085 | 2,361 | 11,927 | 3,533 | 3,224 |
| Leverage | ||||||||
| Current ratio | — | — | — | 2.09 | 2.03 | 1.13 | 1.78 | 1.56 |
| Debt to EBITDA | — | — | — | — | — | 21.05 | — | — |
| Debt to equity | — | — | — | 0.43 | 0.52 | 0.93 | 0.54 | 0.7 |
| Interest coverage | 11.9 | — | 0.5 | -2.4 | -4.9 | 8.2 | 25.3 | -3.4 |
| Asset turnover | — | — | — | 0.04 | 0.07 | 0.04 | 0.03 | 0.04 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | -0.4% | -1.2% | 2.8% | 16.5% | -2.1% |
| Return on capital employed % | — | — | — | -0.4% | -1.5% | 5.2% | 33.9% | -4% |
| Return on equity % | — | — | — | -0.6% | -1.9% | 6.3% | 27.8% | -4% |
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.