Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | 17.8% | -8.9% | 17.5% | 2.7% | ||
| -171.1% |
| 77.2% |
| EBITDA margin % | 8.1% | 6.3% | -23.6% | 3.6% | -64.9% | -660.7% | -462.8% |
| EBIT margin % | 6% | 5.1% | -24% | 2.8% | -69.7% | -683.9% | -470.1% |
| PAT margin % | 4.1% | 2.8% | -33.6% | 7.3% | 22.6% | -770.3% | -464.1% |
| Working capital | |||||||
| Receivable days | — | 28 | 410 | 906 | 2,927 | 7,539 | 923 |
| Inventory days | — | 2,157 | 382 | 851 | 2,762 | 6,660 | 40,626 |
| Payable days | — | 77 | 23 | 28 | 56 | 213 | 1,064 |
| NWC days | — | 2,108 | 769 | 1,729 | 5,633 | 13,985 | 40,485 |
| Leverage | |||||||
| Current ratio | — | 1.5 | 1.28 | 7.29 | 2.69 | 1.16 | 1.51 |
| Debt to EBITDA | — | 96.38 | — | 205.88 | — | — | — |
| Debt to equity | — | 0.71 | 0.64 | 1.07 | 1.06 | 0.93 | 0.73 |
| Interest coverage | 1.2 | 1.6 | -1.5 | 1.1 | 1.3 | 0 | -3.6 |
| Asset turnover | 0.38 | 0.06 | 0.17 | 0.07 | 0.02 | 0 | 0.01 |
| Return ratios | |||||||
| Return on assets % | 1.6% | 0.2% | -5.8% | 0.5% | 0.4% | -3.7% | -6.3% |
| Return on capital employed % | — | 0.6% | -4.4% | 6.4% | 3% | 0% | -11.4% |
| Return on equity % | — | 0.3% | -10.9% | 1.1% | 1% | -8.4% | -15.1% |
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.