Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | — | — |
| EBITDA margin % | 66.5% | 53.2% | 4.4% | 33.7% | 12.8% | 33.7% | 1.1% |
| EBIT margin % | 61.3% | 44.8% | -8.3% | 21.1% | 2.9% | 26.1% | -19.1% |
| PAT margin % | 89.5% | 464.8% | 459.8% | 442.8% | 450% | 144.2% | 190% |
| Working capital | |||||||
| Receivable days | 122 | 156 | 48 | — | — | — | — |
| Inventory days | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — |
| Leverage | |||||||
| Current ratio | — | — | — | — | — | — | — |
| Debt to EBITDA | 1.62 | 0.02 | 191.23 | 32.57 | 46.66 | 16.25 | 664.03 |
| Debt to equity | 0.1 | 0 | 0.31 | 0.52 | 0.35 | 0.23 | 0.21 |
| Interest coverage | 6.8 | 27.5 | 11.3 | 9.6 | 9.5 | 5.2 | 4.5 |
| Asset turnover | 0.09 | 0.05 | 0.02 | 0.03 | 0.03 | 0.03 | 0.02 |
| Return ratios | |||||||
| Return on assets % | 7.7% | 23.7% | 9.9% | 12.2% | 13.8% | 4.6% | 4.3% |
| Return on capital employed % | — | — | — | — | — | — | — |
| Return on equity % | 8.3% | 26.4% | 16.9% | 21.1% | 26.5% | 6.1% | 5.3% |
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.