Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 97.3% | 97.9% | 97.7% | 99% | — | — |
| EBITDA margin % | -6.6% | 27.1% | -12% | -25.2% | -35% | -43.9% | -63.2% | -44.8% |
| EBIT margin % | -65.8% | -23.9% | -48.7% | -30.8% | -39.3% | -48.8% | -68.4% | -49.4% |
| PAT margin % | -62.8% | -21.2% | -45.9% | -31.3% | -7.9% | 311.9% | -52.6% | 2.5% |
| Working capital | ||||||||
| Receivable days | — | — | 92 | 89 | 94 | 96 | 141 | 162 |
| Inventory days | — | — | 194 | 48 | 15 | 146 | 1 | 1 |
| Payable days | — | — | 2,019 | 1,762 | 14,798 | 35,551 | 331 | 408 |
| NWC days | — | — | -1,733 | -1,625 | -14,689 | -35,309 | -188 | -245 |
| Leverage | ||||||||
| Current ratio | — | — | 0.06 | 0.05 | 0.04 | 0.11 | 0.11 | 0.17 |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | — | — | -0.08 | -0.11 | -0.12 | -0.64 | -0.66 | -0.82 |
| Interest coverage | — | -156.5 | -108.2 | -17.9 | -2 | -5.9 | -34.3 | -148 |
| Asset turnover | — | 1.19 | 0.57 | 0.58 | 0.66 | 0.73 | 0.47 | 0.4 |
| Return ratios | ||||||||
| Return on assets % | — | -25.1% | -26.1% | -18.2% | -5.2% | 228.2% | -24.5% | 1% |
| Return on capital employed % | — | — | 9.8% | 5.5% | 0.8% | 17.5% | 28.5% | 21.6% |
| Return on equity % | — | — | 8.7% | 5.1% | 1.2% | -81.7% | 8% | -0.3% |
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.