Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 69.4% | — | 24.3% | 21.8% | 31% | 23.6% | 25.3% |
| EBITDA margin % | -291.1% | 16.3% | -44% | 2.6% | 7.8% | 6.9% | 8% | 8.1% |
| EBIT margin % | -297.6% | 15.8% | -46.3% | -1.3% | 4.8% | 3.5% | 5.3% | 5.2% |
| PAT margin % | 1,624.2% | 22.6% | 368.5% | 2.5% | 2.3% | 3.2% | -4.3% | 1.4% |
| Working capital | ||||||||
| Receivable days | — | — | 1,236 | 13 | 32 | 10 | 20 | 17 |
| Inventory days | — | — | 11,829 | 510 | 291 | 428 | 316 | 343 |
| Payable days | — | — | 5,798 | 238 | 120 | 155 | 81 | 84 |
| NWC days | — | — | 7,267 | 285 | 202 | 284 | 255 | 276 |
| Leverage | ||||||||
| Current ratio | — | — | 1.07 | 0.92 | 1.17 | 0.96 | 1.05 | 0.69 |
| Debt to EBITDA | — | — | — | 82.45 | 19.32 | 21.5 | 16.48 | 16.38 |
| Debt to equity | — | — | 0.63 | 0.41 | 0.55 | 0.39 | 0.28 | 0.37 |
| Interest coverage | 5.1 | 2.2 | 1.6 | 1.1 | 1.2 | 1.6 | 1.3 | 1.5 |
| Asset turnover | — | — | 0 | 0.12 | 0.21 | 0.17 | 0.15 | 0.19 |
| Return ratios | ||||||||
| Return on assets % | — | — | 1.2% | 0.3% | 0.5% | 0.6% | -0.6% | 0.3% |
| Return on capital employed % | — | — | 4.1% | 5.7% | 5.3% | 6.6% | 3.6% | 3.7% |
| Return on equity % | — | — | 2.3% | 0.5% | 0.8% | 0.8% | -0.9% | 0.4% |
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.