Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 37% | 40.7% | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | -8.6% | -25.4% | -22.1% | -11.3% | 4% | 8% | 4.3% | 5.3% |
| EBIT margin % | -10.1% | -29.1% | -36.9% | -20.1% | 0.4% | 5.8% | 2% | 3.4% |
| PAT margin % | -4.6% | -29.1% | 99.8% | -18.9% | -3.3% | 9% | -0.6% | 2.6% |
| Working capital | ||||||||
| Receivable days | — | — | 40 | 34 | — | — | — | — |
| Inventory days | — | — | 331 | 431 | — | — | — | — |
| Payable days | — | — | 116 | 236 | — | — | — | — |
| NWC days | — | — | 255 | 229 | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | 1.58 | 1.82 | — | — | — | — |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | — | — | 4.43 | 37.23 | — | — | — | — |
| Interest coverage | -4.2 | -5 | -2.9 | -0.8 | 0.5 | 1.9 | 0.9 | 1.9 |
| Asset turnover | — | — | 0.31 | 0.44 | — | — | — | — |
| Return ratios | ||||||||
| Return on assets % | — | — | 31.2% | -8.3% | — | — | — | — |
| Return on capital employed % | — | — | -12.9% | -5.1% | — | — | — | — |
| Return on equity % | — | — | 240.4% | -409.3% | — | — | — | — |
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.