Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | -1.4% | -7.8% | -5.8% | 2.4% | 4.7% | 8% |
| EBIT margin % | -11.5% | -15.9% | -15.7% | -6.5% | -1.6% | 1.3% |
| PAT margin % | -10.2% | -14.6% | -12.2% | -2.3% | 1.4% | 3.3% |
| Working capital | ||||||
| Receivable days | 60 | 48 | 45 | 63 | 58 | 46 |
| Inventory days | 3 | 1 | 1 | 1 | 1 | 1 |
| Payable days | 43 | 39 | 41 | 39 | 39 | 43 |
| NWC days | 20 | 11 | 6 | 25 | 20 | 4 |
| Leverage | ||||||
| Current ratio | 3.08 | 3.08 | 5.47 | 4.51 | 4.26 | 2.56 |
| Debt to EBITDA | — | — | — | 0.71 | 0.1 | 0 |
| Debt to equity | 0.1 | 0.05 | 0.02 | 0.01 | 0 | 0 |
| Interest coverage | -2.3 | -8.2 | -8.3 | -0.1 | 2.6 | 3.5 |
| Asset turnover | 0.76 | 0.73 | 0.58 | 0.63 | 0.66 | 0.75 |
| Return ratios | ||||||
| Return on assets % | -7.7% | -10.6% | -7.1% | -1.4% | 0.9% | 2.5% |
| Return on capital employed % | -5.5% | -14.5% | -8.3% | -0.1% | 3% | 4.3% |
| Return on equity % | -12.3% | -14% | -8.5% | -1.7% | 1.1% | 3.2% |
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.