Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 97.9% | — | — | — | — | 31.4% |
| EBITDA margin % | 1.2% | 5% | 3.3% | 6.4% | 3.6% | 7.3% |
| EBIT margin % | 1.2% | 4.9% | 2.2% | 4.3% | 1.6% | 6% |
| PAT margin % | 1% | 4.4% | -1.4% | 4.9% | 2.8% | 5% |
| Working capital | ||||||
| Receivable days | 107 | 118 | 92 | 81 | 95 | 101 |
| Inventory days | 122 | 1 | — | 58 | 1 | 13 |
| Payable days | 6,753 | 42 | 55 | 84 | 193 | 104 |
| NWC days | -6,524 | 76 | — | 55 | -97 | 9 |
| Leverage | ||||||
| Current ratio | 4.51 | 1.96 | 1.08 | 0.77 | 1.39 | 1.92 |
| Debt to EBITDA | 0 | 7.93 | 21.33 | 5.14 | 7.54 | 2.88 |
| Debt to equity | 0 | 0.49 | 1.6 | 0.47 | 0.51 | 0.33 |
| Interest coverage | — | — | — | 24 | 3.4 | 3.9 |
| Asset turnover | 0.44 | 0.7 | 0.69 | 0.74 | 0.54 | 0.75 |
| Return ratios | ||||||
| Return on assets % | 0.5% | 3.1% | -1% | 3.6% | 1.5% | 3.7% |
| Return on capital employed % | 0.7% | 7.8% | 4.8% | 11% | 7.9% | 12.8% |
| Return on equity % | 0.6% | 5.5% | -3.3% | 7% | 5.3% | 8% |
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.