Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 3.9% | 17.9% | 3.7% | 54.3% | — |
| EBITDA margin % | — | — | -1,500% | -1.3% | 3.8% | 1.2% | 28.3% | 56.1% |
| EBIT margin % | — | — | -1,600% | -2.1% | 2.3% | 0.8% | 20.4% | 31.6% |
| PAT margin % | — | — | 228.6% | 2% | 2.6% | 0.5% | 23.7% | 27.5% |
| Working capital | ||||||||
| Receivable days | — | — | 0 | 9 | 38 | 19 | 253 | 265 |
| Inventory days | — | — | 0 | 39 | 88 | 25 | 6 | 4 |
| Payable days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| NWC days | — | — | 0 | 48 | 126 | 43 | 260 | 268 |
| Leverage | ||||||||
| Current ratio | — | — | 12.16 | 6.08 | 9.5 | 1.88 | 1.09 | 0.37 |
| Debt to EBITDA | — | — | — | — | 0.52 | 2.11 | 7.77 | 5.45 |
| Debt to equity | — | — | 0 | 0.05 | 0.04 | 0.25 | 1.26 | 1.9 |
| Interest coverage | — | — | 3.5 | 5.7 | 9 | 4.2 | 3.5 | 3.5 |
| Asset turnover | — | — | 0.01 | 2.31 | 1.69 | 5.99 | 0.22 | 0.1 |
| Return ratios | ||||||||
| Return on assets % | — | — | 1.6% | 4.5% | 4.4% | 2.9% | 5.2% | 2.6% |
| Return on capital employed % | — | — | 2.9% | 7.5% | 6.9% | 8.5% | 16.8% | 16.5% |
| Return on equity % | — | — | 1.7% | 5.2% | 4.9% | 4.8% | 13.6% | 17.1% |
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.