Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 16.9% | ||||
| -58.9% |
| -25.8% |
| — |
| — |
| EBITDA margin % | 19% | 14% | 16% | 5% | -82.2% | -85.2% | — | — |
| EBIT margin % | 19% | 6.5% | 8.8% | -1.9% | -108.4% | -322.3% | — | — |
| PAT margin % | 7.6% | 0% | 1.1% | 1.2% | -38.8% | -3,979.4% | — | — |
| Working capital | ||||||||
| Receivable days | — | — | — | — | 1,030 | 8,536 | — | — |
| Inventory days | — | — | — | — | 32 | 14 | — | — |
| Payable days | — | — | — | — | 46 | 0 | — | — |
| NWC days | — | — | — | — | 1,015 | 8,550 | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | 2.79 | 2.31 | 2.22 | 2.23 |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | — | — | — | — | 2.11 | -4.08 | -3.28 | -2.86 |
| Interest coverage | 2.3 | 1 | 1.1 | 1.1 | 0.1 | -1 | -3.4 | 13.5 |
| Asset turnover | — | — | — | — | 0.1 | 0.02 | 0 | 0 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | — | -3.9% | -76.2% | -6.5% | -4.4% |
| Return on capital employed % | — | — | — | — | 0.5% | -5.9% | -7.4% | -8.7% |
| Return on equity % | — | — | — | — | -13.3% | 297.4% | 19.4% | 10.8% |
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.