Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | — | — | 55% | -37.5% | 114.7% | 208.5% | 218.8% | 66.8% |
| EBIT margin % | — | — | 55% | -37.5% | 113.8% | 203.4% | 215% | 64.7% |
| PAT margin % | — | — | -10% | -68.8% | 83.6% | 66.1% | 60% | 41.4% |
| Working capital | ||||||||
| Receivable days | — | — | 0 | 173 | 403 | 19 | 87 | 3 |
| Inventory days | — | — | 0 | 37 | — | — | — | 10,070 |
| Payable days | — | — | 324 | 30 | — | — | — | 0 |
| NWC days | — | — | -324 | 180 | — | — | — | 10,073 |
| Leverage | ||||||||
| Current ratio | — | — | 0.01 | 0.36 | 0.49 | 0.68 | 0.64 | 59.01 |
| Debt to EBITDA | — | — | 41.45 | — | 11.37 | 17.85 | 7.85 | 8.24 |
| Debt to equity | — | — | 0.41 | 0.15 | 1.77 | 1.52 | 1.9 | 0.43 |
| Interest coverage | 0 | 0 | 0.8 | -1.2 | 5 | 2.3 | 1.5 | 2.1 |
| Asset turnover | — | — | 0.01 | 0.09 | 0.05 | 0.02 | 0.03 | 0.04 |
| Return ratios | ||||||||
| Return on assets % | — | — | -0.1% | -6.1% | 4% | 1.1% | 1.6% | 1.6% |
| Return on capital employed % | — | — | 1% | -3.2% | 18.6% | 12.5% | 24.1% | 7.2% |
| Return on equity % | — | — | -0.2% | -7.3% | 11.4% | 2.7% | 6.6% | 3.3% |
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.