Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | 4.9% | 11.7% | 13.3% |
| EBITDA margin % | 6.4% | 5.1% | 20% | 9.1% | 9.1% | 2.6% | 4.1% | 10.3% |
| EBIT margin % | 4.8% | 5.1% | 20% | 9.1% | 9.1% | 2.6% | 3.9% | 9.9% |
| PAT margin % | 4.8% | 3.1% | 10% | 9.1% | 50% | 2.3% | 2.7% | 7.3% |
| Working capital | ||||||||
| Receivable days | — | — | — | 2,655 | 1,493 | 17 | 14 | 110 |
| Inventory days | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | 0 | 164 | 6 | 4 | 81 |
| NWC days | — | — | — | 2,655 | 1,329 | 12 | 10 | 29 |
| Leverage | ||||||||
| Current ratio | — | — | — | 146 | 32.69 | 9.71 | 3.7 | 1.55 |
| Debt to EBITDA | — | — | — | 0 | 10.5 | 0.28 | 0 | 0.27 |
| Debt to equity | — | — | — | 0 | 0.02 | 0.02 | 0 | 0.14 |
| Interest coverage | — | — | — | — | — | — | 22.2 | 74.4 |
| Asset turnover | — | — | — | 0.02 | 0.02 | 2.11 | 2.71 | 2.16 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 0.2% | 0.9% | 4.8% | 7.2% | 15.8% |
| Return on capital employed % | — | — | — | 0.2% | 1.5% | 7.6% | 19.6% | 52.9% |
| Return on equity % | — | — | — | 0.2% | 1% | 5.3% | 8.3% | 35.8% |
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.