Standalone figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 95.9% | — | — | — | — |
| EBITDA margin % | 93.7% | 75.9% | 20.5% | 18% | — | — | — | — |
| EBIT margin % | 93.2% | 33.6% | -5.2% | -7% | — | — | — | — |
| PAT margin % | — | -739.6% | -7.6% | -5.9% | — | — | — | — |
| Working capital | ||||||||
| Receivable days | 9 | 337 | 22 | 25 | — | — | — | — |
| Inventory days | 8,739 | 1,830 | 29 | 252 | — | — | — | — |
| Payable days | — | 3 | 140 | 1,551 | — | — | — | — |
| NWC days | — | 2,165 | -89 | -1,273 | — | — | — | — |
| Leverage | ||||||||
| Current ratio | 1.01 | 0.4 | 0.23 | 0.16 | 6.3 | 11.06 | 10.32 | 11.48 |
| Debt to EBITDA | 2.27 | 25.86 | 6.15 | 6.07 | — | — | — | — |
| Debt to equity | 0.48 | 2.33 | 3.75 | 1.64 | 0 | 0 | 0 | 0 |
| Interest coverage | 6.4 | 0.3 | -0.2 | 0.1 | — | — | — | — |
| Asset turnover | 0.13 | 0.02 | 0.41 | 0.42 | 0 | 0 | 0 | 0 |
| Return ratios | ||||||||
| Return on assets % | — | -13.5% | -3.1% | -2.5% | 0.3% | 2.4% | 0.9% | 1.4% |
| Return on capital employed % | 17.2% | 1.1% | -3.6% | 1.8% | 0.1% | 2.8% | 1.7% | 2% |
| Return on equity % | — | -87.7% | -22.5% | -8.8% | 0.4% | 2.6% | 1% | 1.5% |
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.