Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 14.9% | 16.3% | -15.4% | 85.9% | 4.4% | — |
| EBITDA margin % | — | — | -18.1% | -3.5% | -84.6% | -86.3% | 1.1% | — |
| EBIT margin % | — | — | -29.8% | -9.3% | -103.8% | -87.1% | 1.1% | — |
| PAT margin % | — | — | -25.5% | -16.3% | -130.8% | -68% | 2.4% | — |
| Working capital | ||||||||
| Receivable days | — | — | 342 | 0 | 365 | 328 | 0 | — |
| Inventory days | — | — | 151 | 208 | 438 | 0 | 0 | — |
| Payable days | — | — | 401 | 0 | 304 | 71 | 0 | — |
| NWC days | — | — | 91 | 208 | 499 | 257 | 0 | — |
| Leverage | ||||||||
| Current ratio | — | — | 0.51 | 0.48 | 0.48 | 22.55 | 95.13 | 154.6 |
| Debt to EBITDA | — | — | — | — | — | — | 1.25 | — |
| Debt to equity | — | — | 0.48 | 0.55 | 0.56 | 0 | 0 | 0 |
| Interest coverage | 2 | 1.5 | -0.1 | 0.4 | 0 | -6.8 | — | — |
| Asset turnover | — | — | 0.09 | 0.08 | 0.02 | 0.37 | 0.13 | 0 |
| Return ratios | ||||||||
| Return on assets % | — | — | -2.3% | -1.3% | -3.1% | -25.4% | 0.3% | 0.5% |
| Return on capital employed % | — | — | -0.3% | 1.2% | 0.1% | -24.4% | 0.6% | 0.9% |
| Return on equity % | — | — | -3.7% | -2.1% | -5.2% | -26.5% | 0.3% | 0.5% |
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.