Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 67.7% | -31.6% | — | — | — |
| EBITDA margin % | -29.6% | 22.3% | -9,300% | 53% | -39.8% | -226.5% | -5,500% | -6,000% |
| EBIT margin % | -33.3% | 19.8% | -12,600% | 49.4% | -41.7% | -236.7% | -5,566.7% | -6,033.3% |
| PAT margin % | -169.9% | -45.1% | -8,500% | -390.8% | -146.2% | -249% | 2,700% | 1,533.3% |
| Working capital | ||||||||
| Receivable days | — | — | 3,285 | 0 | 19 | 0 | 0 | 0 |
| Inventory days | — | — | 19,244 | 5,422 | 598 | 6,746 | 6,424 | 6,020 |
| Payable days | — | — | 124 | 69 | 3 | 94 | 87 | 86 |
| NWC days | — | — | 22,405 | 5,353 | 615 | 6,652 | 6,338 | 5,934 |
| Leverage | ||||||||
| Current ratio | — | — | 2.6 | 1.86 | 1.02 | 0.51 | 0.28 | 0.31 |
| Debt to EBITDA | — | — | — | 17.13 | — | — | — | — |
| Debt to equity | — | — | 6.44 | -3.6 | -1.67 | -1.73 | -0.58 | -0.73 |
| Interest coverage | -0.2 | 0.3 | 0.1 | 3 | -93.3 | -16.6 | 1.3 | 1.1 |
| Asset turnover | — | — | 0 | 0.1 | 0.24 | 0.01 | 0 | 0 |
| Return ratios | ||||||||
| Return on assets % | — | — | -0.7% | -38% | -35.1% | -1.4% | 0.9% | 0.5% |
| Return on capital employed % | — | — | 0.1% | 6% | -14% | -4% | 57.8% | -35.2% |
| Return on equity % | — | — | -7.7% | 154.9% | 49.6% | 2.9% | -2% | -1.1% |
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.