Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | 4.9% | 22.6% | 1.1% | 1.5% |
| EBITDA margin % | — | — | — | — | 2% | 14.4% | -3.5% | -2.3% |
| EBIT margin % | — | — | — | — | 2% | 14.4% | -3.5% | -2.3% |
| PAT margin % | — | — | — | — | 10.3% | 12.3% | 4.2% | 1.9% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | 619 | 591 | 957 | 526 |
| Inventory days | — | — | — | — | 0 | 21 | 0 | 0 |
| Payable days | — | — | — | — | 467 | 160 | 249 | 107 |
| NWC days | — | — | — | — | 152 | 452 | 708 | 419 |
| Leverage | ||||||||
| Current ratio | — | — | 7.68 | 8.09 | 3.63 | 11.11 | 13.9 | 25.26 |
| Debt to EBITDA | — | — | — | — | 13 | 4.96 | — | — |
| Debt to equity | — | — | 0.14 | 0.15 | 0.07 | 0.14 | 0.15 | 0.04 |
| Interest coverage | — | — | — | — | — | — | — | — |
| Asset turnover | — | — | 0 | 0 | 0.2 | 0.16 | 0.08 | 0.1 |
| Return ratios | ||||||||
| Return on assets % | — | — | -0.6% | -0.9% | 2% | 1.9% | 0.4% | 0.2% |
| Return on capital employed % | — | — | -0.7% | -1% | 4.1% | 3% | 0.5% | 0.4% |
| Return on equity % | — | — | -0.7% | -1.2% | 2.9% | 2.4% | 0.4% | 0.2% |
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.