Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 47.7% | 43.7% | 31.6% | 31.2% | 14% |
| EBITDA margin % | 26.1% | — | — | -81.8% | -12.1% | -12% | -20.4% | -57.9% |
| EBIT margin % | 22.4% | — | — | -84.1% | -12.6% | -12.7% | -22.3% | -63.2% |
| PAT margin % | 36% | — | — | 122.7% | 15.8% | 45.6% | 14.7% | -29.8% |
| Working capital | ||||||||
| Receivable days | 1,188 | — | — | 1,136 | 125 | 229 | 281 | 884 |
| Inventory days | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Payable days | 3 | — | — | 48 | 102 | 10 | 20 | 7 |
| NWC days | — | — | — | 1,089 | 23 | 219 | 261 | 876 |
| Leverage | ||||||||
| Current ratio | — | — | 138.5 | 25.24 | 18.38 | 9.59 | 27.43 | 37.38 |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | — | — | 0 | 0 | 0 | 0.02 | 0 | 0 |
| Interest coverage | — | — | — | — | — | — | — | — |
| Asset turnover | 0.07 | — | 0 | 0.02 | 0.09 | 0.07 | 0.07 | 0.03 |
| Return ratios | ||||||||
| Return on assets % | 2.5% | -37.6% | 3.9% | 2.5% | 1.4% | 3.2% | 1% | -0.8% |
| Return on capital employed % | — | — | 5% | 2.7% | 1.5% | 4.3% | 0.8% | 0.2% |
| Return on equity % | 2.5% | -37.8% | 3.9% | 2.5% | 1.4% | 3.4% | 1.1% | -0.8% |
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.