Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 95.3% | 94.8% | 94.3% | 91.8% | 92.9% | — | 94.7% | 92% |
| EBITDA margin % | 63.5% | 71.2% | 75.5% | 75.3% | 87.1% | — | -32.7% | 48.9% |
| EBIT margin % | 61.7% | 68.2% | 71.5% | 73.5% | 86.5% | — | -37.9% | 46% |
| PAT margin % | 5% | -40.7% | -84.1% | -1,559.6% | 23.7% | — | -23.1% | 2.8% |
| Working capital | ||||||||
| Receivable days | 20 | — | 32 | 3 | 0 | — | 1 | 14 |
| Inventory days | 87,116 | — | 23,736 | 8,592 | 1,650 | — | 20,588 | 6,551 |
| Payable days | — | — | 168 | 103 | 13 | — | 308 | 178 |
| NWC days | — | — | 23,600 | 8,491 | 1,637 | — | 20,281 | 6,387 |
| Leverage | ||||||||
| Current ratio | 1.58 | — | 0.35 | 0.24 | 1.01 | 1.17 | 1.17 | 0.62 |
| Debt to EBITDA | 17.99 | — | 13.3 | 7.73 | 0.27 | — | — | 12.8 |
| Debt to equity | 2.84 | — | 0.3 | 2.32 | 0.22 | 0.15 | 0.15 | 0.96 |
| Interest coverage | 0.8 | 0.7 | 0.5 | 0.9 | 18.2 | -0.8 | 1.3 | 1.1 |
| Asset turnover | 0.05 | — | 0.02 | 0.08 | 0.55 | 0 | 0.05 | 0.06 |
| Return ratios | ||||||||
| Return on assets % | 0.2% | — | -1.6% | -122.3% | 13% | 9.3% | -1.1% | 0.2% |
| Return on capital employed % | 3.2% | — | 1.9% | 5.8% | 73.6% | -1.5% | 1.6% | 9.4% |
| Return on equity % | 1.2% | — | -2.5% | -620.9% | 22.5% | 15.1% | -1.9% | 0.4% |
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.