Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 3.8% | -80.7% | -141.6% | -24.7% | -152.3% | -25.6% | -5,222% | -35.3% |
| EBIT margin % | 3.3% | -81.3% | -141.8% | -24.8% | -152.6% | -26.4% | -5,223% | -36.2% |
| PAT margin % | 135.6% | 33.7% | -161.7% | -353.1% | -299.8% | -299.9% | -5,214% | 57.1% |
| Working capital | ||||||||
| Receivable days | 350 | 598 | 150 | 22 | 48 | 198 | 234 | 177 |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | 61 | 11 | 12 | 20 | 131 | 4 | 149 |
| NWC days | — | — | — | — | 29 | 66 | 230 | 28 |
| Leverage | ||||||||
| Current ratio | 1.18 | 0.99 | 2.59 | 1.82 | 2.84 | 1 | 0.92 | 0.93 |
| Debt to EBITDA | 300 | — | — | — | — | — | — | — |
| Debt to equity | 0.1 | 0.06 | 0.28 | 0.38 | 0.41 | 0.37 | 0.64 | 0.63 |
| Interest coverage | 1.5 | 2.6 | -0.7 | -0.7 | -1.3 | 0.1 | -31.7 | 189 |
| Asset turnover | 0.01 | 0 | 0.01 | 0.07 | 0.02 | 0.01 | 0.01 | 0.01 |
| Return ratios | ||||||||
| Return on assets % | 1.1% | 0.2% | -2.1% | -25.6% | -7% | -2% | -38.1% | 0.5% |
| Return on capital employed % | 5.1% | 0.4% | -1.2% | -1.5% | -3.7% | 0.5% | -53.1% | 0.9% |
| Return on equity % | 1.2% | 0.2% | -2.7% | -39.1% | -10.8% | -3.1% | -74.7% | 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.