Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 43.5% | — | — | — | — | — | — | — |
| EBITDA margin % | 29.5% | 1% | -15.1% | -13.9% | -9.6% | 8.5% | -850.8% | -13.8% |
| EBIT margin % | 29.1% | -2.2% | -21% | -18.2% | -12.7% | 5.3% | -853.1% | -16.8% |
| PAT margin % | -55.4% | 7,171.1% | -1,021.7% | -25.5% | -16.6% | -6,134.7% | -1,192.4% | 879.8% |
| Working capital | ||||||||
| Receivable days | 12 | 75 | 131 | 98 | 3 | 5 | 3 | 0 |
| Inventory days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 10 | 26 | 23 | 19 | 0 | 15 | 1 | 13 |
| NWC days | 2 | 49 | 108 | 79 | 3 | -10 | 3 | -13 |
| Leverage | ||||||||
| Current ratio | 0.85 | 9.71 | 3.04 | 3.32 | 3.51 | 3.68 | 3.59 | 15.23 |
| Debt to EBITDA | 9.04 | 1,851.11 | — | — | — | 253.69 | — | — |
| Debt to equity | 0.18 | 0.11 | 0.18 | 0.16 | 0.15 | 0.23 | 0.26 | 0.04 |
| Interest coverage | 0.4 | 0 | -0 | -2.5 | -2.3 | 1.6 | -11.5 | 0.2 |
| Asset turnover | 0.06 | 0.01 | 0 | 0 | 0.01 | 0.01 | 0.01 | 0.01 |
| Return ratios | ||||||||
| Return on assets % | -3.1% | 36.8% | -2.8% | -0.1% | -0.1% | -52.2% | -11.6% | 9.2% |
| Return on capital employed % | 1.6% | 0.1% | -0.1% | -0.1% | -0.1% | 0% | -9.6% | 0.1% |
| Return on equity % | -3.7% | 43.1% | -3.3% | -0.1% | -0.1% | -64.8% | -14.9% | 9.7% |
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.