Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 85.5% | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | -31.5% | — | — | — | — | — | — | 17.7% |
| EBIT margin % | -37.5% | — | — | — | — | — | — | 4.9% |
| PAT margin % | -368.5% | — | — | — | — | — | — | -102% |
| Working capital | ||||||||
| Receivable days | 4 | — | — | — | — | — | — | 52 |
| Inventory days | — | — | — | — | — | — | — | 0 |
| Payable days | 77 | — | — | — | — | — | — | 35 |
| NWC days | — | — | — | — | — | — | — | 17 |
| Leverage | ||||||||
| Current ratio | 0.22 | 0.31 | 0.17 | 0.17 | 0.12 | 0.06 | 0.26 | 0.15 |
| Debt to EBITDA | — | — | — | — | — | — | — | 49.86 |
| Debt to equity | -0.59 | -0.45 | -0.39 | -0.38 | -0.36 | -0.34 | -0.98 | -0.95 |
| Interest coverage | -0.1 | -4.1 | -2.4 | -0.1 | -0.3 | -0.2 | -0.9 | 0.3 |
| Asset turnover | 1.24 | 0 | 0 | 0 | 0 | 0 | 0 | 0.42 |
| Return ratios | ||||||||
| Return on assets % | -456% | -87.3% | -98.6% | -23% | -65.9% | -100.8% | 1,370% | -42.9% |
| Return on capital employed % | -24.7% | 34.4% | 15.8% | 0.9% | 1.7% | 0.8% | 31.9% | -4.8% |
| Return on equity % | 277.5% | 23.3% | 13.5% | 3.1% | 6.1% | 5.9% | -481.7% | 11% |
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.