Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | -62.7% | 80% | — | — | — | 94.5% | 56.8% |
| EBITDA margin % | — | -72.9% | -60% | — | 18.8% | 75.6% | 89% | 56.3% |
| EBIT margin % | — | -72.9% | -60% | — | 18.8% | 75.6% | 89% | 56.3% |
| PAT margin % | — | -71.2% | -60% | — | 18.8% | 80% | 71.3% | 42.2% |
| Working capital | ||||||||
| Receivable days | — | 0 | 0 | — | 0 | 0 | 0 | 10 |
| Inventory days | — | 15 | 0 | — | 0 | 199 | 1,533 | 718 |
| Payable days | — | 0 | 0 | — | 0 | 0 | 0 | 10 |
| NWC days | — | 15 | 0 | — | 0 | 199 | 1,533 | 719 |
| Leverage | ||||||||
| Current ratio | 3.67 | 3.33 | 1.33 | 0.33 | 1.33 | 19.4 | 45.2 | 22.18 |
| Debt to EBITDA | — | — | — | — | 48 | 0 | 0 | 0 |
| Debt to equity | 0.94 | 2.1 | 2.53 | 2.67 | 2.48 | 0 | 0 | 0 |
| Interest coverage | — | — | — | — | — | 36 | 168 | 960.7 |
| Asset turnover | 0 | 0.28 | 0.07 | 0 | 0.08 | 0.46 | 0.8 | 0.62 |
| Return ratios | ||||||||
| Return on assets % | -4.3% | -20% | -4.4% | -1.5% | 1.5% | 37.1% | 57.1% | 26% |
| Return on capital employed % | -4.3% | -19.8% | -4.4% | -1.5% | 1.5% | 24.6% | 107.3% | 71.7% |
| Return on equity % | -8.3% | -62.7% | -15.8% | -5.6% | 5.2% | 38.7% | 58.1% | 27.3% |
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.