Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| 5.3% |
| 1.8% |
| EBITDA margin % | — | -96.2% | — | 47.4% | 76% | 70.4% | 3.6% | 1% |
| EBIT margin % | — | -96.2% | — | 47.4% | 76% | 69.8% | 3.5% | 1% |
| PAT margin % | — | -65.4% | — | 73.7% | 56.7% | 112.6% | 4.1% | 3% |
| Working capital | ||||||||
| Receivable days | — | 3,411 | — | 384 | 353 | 152 | 12 | 10 |
| Inventory days | — | 0 | — | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | 0 | — | 110 | 51 | 78 | 2 | 1 |
| NWC days | — | 3,411 | — | 275 | 302 | 74 | 10 | 9 |
| Leverage | ||||||||
| Current ratio | 6.08 | 7.03 | 8 | 1.5 | 1.67 | 11.03 | 4.2 | 0.9 |
| Debt to EBITDA | — | — | — | 0.22 | 0.25 | 0 | 0.01 | 0.02 |
| Debt to equity | 1.18 | 1.2 | 0.3 | 0.01 | 0.01 | 0 | 0 | 0 |
| Interest coverage | — | — | — | — | — | — | — | — |
| Asset turnover | 0 | 0.03 | 0 | 0.05 | 0.07 | 0.07 | 2.66 | 3.98 |
| Return ratios | ||||||||
| Return on assets % | 0.9% | -2% | -2% | 3.4% | 4.1% | 8.1% | 11% | 11.9% |
| Return on capital employed % | 1.2% | -2% | -1.7% | 4.1% | 9.6% | 8.6% | 15% | 24.3% |
| Return on equity % | 2.1% | -4.7% | -2.6% | 3.6% | 4.3% | 8.2% | 11.6% | 16.1% |
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.