Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 7.9% | -6.2% | ||||
| 48.5% |
| 56.3% |
| 58.5% |
| 31.5% |
| EBITDA margin % | -49% | -140.8% | -39.6% | -104.3% | -172.2% | -265.2% | -242.1% | -98.8% |
| EBIT margin % | -49.8% | -144.4% | -41.6% | -107.2% | -180.3% | -274.7% | -250.6% | -101.9% |
| PAT margin % | -44.1% | 73.1% | 0.6% | 11.3% | 124.8% | 82.3% | 294.3% | 27.5% |
| Working capital | ||||||||
| Receivable days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory days | — | — | 1,532 | 2,613 | 12,013 | 18,171 | 17,870 | 4,033 |
| Payable days | — | — | 7 | 12 | 50 | 42 | 5 | 2 |
| NWC days | — | — | 1,526 | 2,600 | 11,963 | 18,128 | 17,865 | 4,031 |
| Leverage | ||||||||
| Current ratio | — | — | 31.01 | 31.22 | 32.83 | 13.66 | 42.69 | 5.29 |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | — | — | 0.01 | 0.01 | 0 | 0 | 0 | 0.17 |
| Interest coverage | -20.3 | -2.1 | 2.7 | 3 | 32.4 | 58.7 | 115 | 2.2 |
| Asset turnover | — | — | 0.08 | 0.04 | 0.02 | 0.01 | 0.01 | 0.03 |
| Return ratios | ||||||||
| Return on assets % | — | — | 0% | 0.4% | 2.1% | 1.1% | 4.2% | 0.9% |
| Return on capital employed % | — | — | 0.9% | 0.6% | 2.9% | 1.5% | 2% | 2.4% |
| Return on equity % | — | — | 0% | 0.4% | 2.2% | 1.1% | 4.3% | 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.