Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | — | — | 42.4% | 51.8% | 36% | 24.6% | -1% | 0.7% |
| EBIT margin % | — | — | 42.4% | 51.8% | 36% | 24.6% | -1% | 0.7% |
| PAT margin % | — | — | 45.5% | 45.5% | 40.5% | 34.2% | 39.2% | 0.1% |
| Working capital | ||||||||
| Receivable days | — | — | 0 | 146 | 477 | 240 | 190 | 94 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| NWC days | — | — | 0 | 146 | 477 | 240 | 190 | 94 |
| Leverage | ||||||||
| Current ratio | — | — | 2.57 | 12.45 | 0.55 | 0.88 | 2.28 | 3.53 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | — | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | — | — | — | — | — | — | — |
| Asset turnover | — | — | 0.08 | 0.23 | 0.04 | 0.09 | 0.1 | 0.36 |
| Return ratios | ||||||||
| Return on assets % | — | — | 3.6% | 10.5% | 1.8% | 2.9% | 3.8% | 0.1% |
| Return on capital employed % | — | — | 5.1% | 15.7% | 5.6% | 4.6% | 4.3% | 0.6% |
| Return on equity % | — | — | 3.6% | 10.8% | 2.4% | 3.4% | 4% | 0.1% |
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.