Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 75.3% | 30.6% | 17.2% | 20.1% | — | 72.7% |
| EBITDA margin % | 14.6% | 2.5% | 30.3% | 16.8% | 4.9% | 5.9% | -24.5% | 4% |
| EBIT margin % | 13.8% | 0.9% | 24% | 14.8% | 4.3% | 5.1% | -34.3% | -0.4% |
| PAT margin % | 9.7% | 3% | 15.3% | 24% | 6.9% | 344.6% | 240% | 130.4% |
| Working capital | ||||||||
| Receivable days | 62 | 81 | 60 | 70 | 29 | 65 | 910 | 447 |
| Inventory days | — | 0 | 3 | 113 | 15 | 0 | 0 | 0 |
| Payable days | 63 | — | 75 | 133 | 29 | 11 | 40 | 107 |
| NWC days | — | — | -12 | 49 | 14 | 54 | 870 | 340 |
| Leverage | ||||||||
| Current ratio | — | — | 13.76 | 9.45 | 2.07 | 7.95 | 168.09 | 141.75 |
| Debt to EBITDA | 0.08 | 0.98 | 0.24 | 0.07 | 6.69 | 7.53 | — | 1.94 |
| Debt to equity | 0 | 0 | 0 | 0 | 0.29 | 0.08 | 0 | 0 |
| Interest coverage | — | 3.2 | 27.8 | 178.7 | 5.5 | 123.8 | 22.5 | 290.5 |
| Asset turnover | 0.34 | 0.18 | 0.05 | 0.16 | 0.65 | 0.17 | 0.01 | 0.02 |
| Return ratios | ||||||||
| Return on assets % | 3.3% | 0.5% | 0.8% | 3.8% | 4.5% | 59.7% | 2.9% | 3% |
| Return on capital employed % | — | 0.2% | 1.3% | 4.8% | 9.3% | 116.2% | 4.6% | 3.2% |
| Return on equity % | 3.7% | 0.6% | 0.8% | 4% | 6.2% | 66.2% | 2.9% | 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.