Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 62.5% | 92.4% | — | — | 92.2% |
| EBITDA margin % | 18.1% | 14.6% | -7.1% | -48.1% | -9.4% | -21.4% | -73.1% | -37% |
| EBIT margin % | -3.2% | -5.1% | -37% | -69.9% | -34.2% | -48.3% | -99.6% | -60% |
| PAT margin % | 54.8% | 53.2% | 100.3% | 11.8% | 34.4% | 38.3% | -93.5% | 87.2% |
| Working capital | ||||||||
| Receivable days | — | — | 88 | 32 | 12 | 4 | 1 | 14 |
| Inventory days | — | — | 3 | 5 | 32 | 5 | 584 | 24,939 |
| Payable days | — | — | 47 | 121 | 305 | 18 | 23 | 386 |
| NWC days | — | — | 44 | -84 | -260 | -9 | 563 | 24,567 |
| Leverage | ||||||||
| Current ratio | — | — | 8.27 | 13.88 | 19.53 | 19.34 | 1.57 | 1.66 |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | — | — | 0.07 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 |
| Interest coverage | 4.9 | 4.7 | 4.8 | 1.6 | 2.4 | 2 | 2.5 | 6 |
| Asset turnover | — | — | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| Return ratios | ||||||||
| Return on assets % | — | — | 2.3% | 0.2% | 0.5% | 0.2% | -0.5% | 0.8% |
| Return on capital employed % | — | — | 3.7% | 0.7% | 0.8% | 0.5% | 0.5% | 1.3% |
| Return on equity % | — | — | 2.6% | 0.2% | 0.6% | 0.2% | -0.6% | 0.9% |
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.