Standalone figures
| Ratio | Mar 2016 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | 86.2% | 34.3% | — | — |
| EBITDA margin % | — | — | — | — | -71.6% | 8.2% | — | — |
| EBIT margin % | — | — | — | — | -71.6% | 8.2% | — | — |
| PAT margin % | — | — | — | — | 146.2% | 9% | — | — |
| Working capital | ||||||||
| Receivable days | — | — | — | — | 0 | 56 | — | — |
| Inventory days | — | — | — | — | 1,925 | 0 | — | — |
| Payable days | — | — | — | — | 653 | 123 | — | — |
| NWC days | — | — | — | — | 1,272 | -67 | — | — |
| Leverage | ||||||||
| Current ratio | — | — | 0.2 | 0.16 | 0.07 | 0.02 | 0.08 | 0.1 |
| Debt to EBITDA | — | — | — | — | — | 65.8 | — | — |
| Debt to equity | — | — | 0.79 | 1.01 | 0.84 | 0.84 | 1 | 1.04 |
| Interest coverage | -0 | -0 | 0.1 | -2 | — | — | 3.6 | — |
| Asset turnover | — | — | 0 | 0 | 0.06 | 0.07 | 0 | 0 |
| Return ratios | ||||||||
| Return on assets % | — | — | -2.5% | -6.7% | 8.5% | 0.6% | 1% | -0.7% |
| Return on capital employed % | — | — | 0.9% | -11.5% | 22.5% | 1.4% | 1.9% | -2.2% |
| Return on equity % | — | — | -6.9% | -22.7% | 20.8% | 1.4% | 2.2% | -1.6% |
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.