Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 9% | 2.2% | 7% | 7% | 69.2% | 45.4% |
| EBITDA margin % | -1.1% | -11.3% | -12.6% | -40.4% | -15.4% | -15.6% | 1.5% | -5.4% |
| EBIT margin % | -1.7% | -11.8% | -13.3% | -41.1% | -15.7% | -15.7% | -0.2% | -8.7% |
| PAT margin % | -1.7% | -5.4% | 24.3% | -2.9% | 14.1% | 14.9% | 12.4% | -1.8% |
| Working capital | ||||||||
| Receivable days | — | — | 212 | 401 | 440 | 228 | 61 | 65 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 275 | 528 | 287 | 189 | 354 | 166 |
| NWC days | — | — | -62 | -127 | 153 | 39 | -293 | -101 |
| Leverage | ||||||||
| Current ratio | — | — | 3.46 | 3.43 | 3.45 | 6.81 | 5.05 | 3.16 |
| Debt to EBITDA | — | — | — | — | — | — | 0 | — |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | -0.9 | -7.5 | 126.5 | — | — | — | 56.9 | -0.7 |
| Asset turnover | — | — | 0.3 | 0.15 | 0.26 | 0.24 | 0.44 | 0.8 |
| Return ratios | ||||||||
| Return on assets % | — | — | 7.3% | -0.4% | 3.7% | 3.6% | 5.5% | -1.4% |
| Return on capital employed % | — | — | 12.6% | -0.8% | 6.2% | 3% | 10.3% | -0.3% |
| Return on equity % | — | — | 9.5% | -0.6% | 4.6% | 4.2% | 6.8% | -2% |
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.