Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 59.9% | 42.3% | 31.3% | 11% | 11.2% | 13% | 50.3% | 16% |
| EBIT margin % | 59.9% | 36.9% | 31.3% | 11% | 11.2% | 13% | 45.2% | 11.9% |
| PAT margin % | 11.5% | 19% | 21.9% | 9.4% | 9.3% | 10.5% | 6.4% | 17.8% |
| Working capital | ||||||||
| Receivable days | — | — | 1 | 2 | — | — | — | — |
| Inventory days | — | — | — | — | — | — | 0 | 0 |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | — | 2.56 | — | — | — | — | 7.3 | 26.32 |
| Debt to equity | — | 0.44 | — | — | — | — | 1.08 | 1.42 |
| Interest coverage | 1.5 | 2.9 | — | — | — | — | 1.2 | 0.4 |
| Asset turnover | — | 0.32 | 0.12 | 0.1 | — | — | 0.13 | 0.13 |
| Return ratios | ||||||||
| Return on assets % | — | 6% | 2.5% | 1% | — | — | 0.9% | 2.4% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | — | 7.8% | 3.7% | 2% | — | — | 1.9% | 6% |
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.