Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 63.9% | 51.5% | ||||
| — |
| — |
| 72.1% |
| 51.7% |
| EBITDA margin % | 56.3% | 13.1% | 20.8% | 7.3% | -12.7% | -32.5% | 57% | 41.4% |
| EBIT margin % | 54% | 7.2% | 12.7% | -0.4% | -12.7% | -32.5% | 57% | 41.3% |
| PAT margin % | 38.1% | 9.1% | 9.7% | 2.3% | 19,854.5% | -19.4% | 53.9% | 40% |
| Working capital | ||||||||
| Receivable days | 28 | — | 41 | 31 | 193 | 0 | 76 | 101 |
| Inventory days | 66 | — | 80 | 98 | 0 | 0 | 0 | 0 |
| Payable days | 50 | — | 94 | 46 | 77 | 26 | 48 | 0 |
| NWC days | 44 | — | 26 | 82 | 116 | -26 | 28 | 101 |
| Leverage | ||||||||
| Current ratio | 5.69 | — | 1.02 | 1.14 | 2.18 | 1.51 | 6.75 | 112.68 |
| Debt to EBITDA | 0.35 | — | 2.8 | 5.7 | — | — | 0 | 0 |
| Debt to equity | 0.13 | — | 0.21 | 0.18 | 0 | 0 | 0 | 0 |
| Interest coverage | 323.3 | — | 3.2 | 1 | — | — | — | — |
| Asset turnover | 0.51 | — | 0.27 | 0.32 | 0 | 0 | 0.02 | 0.03 |
| Return ratios | ||||||||
| Return on assets % | 19.5% | — | 2.7% | 0.7% | 67.2% | -0% | 0.9% | 1.2% |
| Return on capital employed % | 32.6% | — | 6.4% | 1.5% | -0% | -0.1% | 1% | 1% |
| Return on equity % | 24.9% | — | 3.5% | 0.9% | 67.3% | -0% | 0.9% | 1.2% |
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.