Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | -3% | 3.6% | — | 9% | 3.7% | 4.2% |
| EBITDA margin % | 5.3% | -12.9% | -354.6% | -244.1% | -36.2% | -5.9% | 0.5% | 2.6% |
| EBIT margin % | 1.9% | -19.8% | -362.6% | -252.4% | -40.4% | -6.9% | 0.4% | 2.6% |
| PAT margin % | 7% | 7.8% | -330.3% | -185.7% | -4.3% | 0.2% | 0.3% | 1.9% |
| Working capital | ||||||||
| Receivable days | — | — | 33 | 43 | 49 | 1 | 216 | 163 |
| Inventory days | — | — | 89 | 239 | 156 | 113 | 10 | 42 |
| Payable days | — | — | 4 | 0 | 10 | 0 | 115 | 116 |
| NWC days | — | — | 119 | 282 | 196 | 114 | 111 | 88 |
| Leverage | ||||||||
| Current ratio | — | — | 235 | 463 | 70.67 | 413 | 2.78 | 2.14 |
| Debt to EBITDA | — | — | — | — | — | — | 0 | 1.24 |
| Debt to equity | — | — | 0 | 0 | — | 0 | 0 | 0.09 |
| Interest coverage | — | — | — | — | — | — | — | — |
| Asset turnover | — | — | 0.11 | 0.12 | 0.19 | 0.57 | 1.13 | 1.43 |
| Return ratios | ||||||||
| Return on assets % | — | — | -37.3% | -21.5% | -0.8% | 0.1% | 0.3% | 2.8% |
| Return on capital employed % | — | — | -37.4% | -19.6% | -0.7% | 0.3% | 1% | 10% |
| Return on equity % | — | — | -37.2% | -21.5% | -0.8% | 0.1% | 0.5% | 5.5% |
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.