Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | — | — | — | — | 49.6% | 66.9% | 12.6% | -77.5% |
| EBIT margin % | — | — | — | — | 49.3% | 66.6% | 11.8% | -78.6% |
| PAT margin % | — | — | — | — | -46% | 26.2% | -46.7% | -166.8% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | 312 | 269 | 285 | 435 |
| Inventory days | — | — | — | — | 0 | 45 | 1,235 | 848 |
| Payable days | — | — | — | — | 0 | 0 | 0 | 5 |
| NWC days | — | — | — | — | 312 | 314 | 1,521 | 1,278 |
| Leverage | ||||||||
| Current ratio | — | — | 1.71 | 1.64 | 10.65 | 16.29 | 7.21 | 7.5 |
| Debt to EBITDA | — | — | — | — | 17.53 | 6.57 | 74.47 | — |
| Debt to equity | — | — | 0.65 | 2.8 | 3.79 | 1.22 | 1.44 | 0.36 |
| Interest coverage | 0 | 0 | -0.4 | -0.6 | 0.5 | 1.5 | 0.5 | -0.5 |
| Asset turnover | — | — | 0 | 0 | 0.08 | 0.12 | 0.06 | 0.04 |
| Return ratios | ||||||||
| Return on assets % | — | — | -4.5% | -45.7% | -3.8% | 3.1% | -2.7% | -7.1% |
| Return on capital employed % | — | — | -1.9% | -3.6% | 4.6% | 11.7% | 2.8% | -2.4% |
| Return on equity % | — | — | -10.2% | -283.5% | -20.1% | 7.3% | -7.2% | -10.6% |
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.