Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 62.4% | 45.9% | 4.3% | 16.5% | -46.7% | 15% | 21.1% | -60.1% |
| EBIT margin % | 62.1% | 45.9% | 3.7% | 16% | -47.2% | 14.4% | 20.6% | -60.9% |
| PAT margin % | 0.5% | 0.4% | -21.8% | -12% | -53.1% | 2.8% | 1.2% | -112.7% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | — | — | — | — |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | 2 | 4 | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | — | 5.08 | 59.76 | 12.27 | — | 6.89 | 5.08 | — |
| Debt to equity | — | 2.19 | 2.14 | 1.73 | 1.29 | 1.04 | 1.18 | 0.65 |
| Interest coverage | 1.5 | 1.1 | 0.2 | 0.5 | -1.8 | 1.3 | 1.1 | -2.1 |
| Asset turnover | — | 0.32 | 0.26 | 0.29 | 0.46 | 0.43 | 0.47 | 0.37 |
| Return ratios | ||||||||
| Return on assets % | — | 0.1% | -5.6% | -3.5% | -24.3% | 1.2% | 0.5% | -41.9% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | — | 0.3% | -18.3% | -10.3% | -61.2% | 2.8% | 1.3% | -76.1% |
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.