Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 91.1% | 98.8% | 97.9% | 98.9% | 43.1% | — | — | — |
| EBITDA margin % | -2.8% | -9.7% | -11.5% | -6.9% | -23.8% | — | — | — |
| EBIT margin % | -8.5% | -17.3% | -18.2% | -9.2% | -31.1% | — | — | — |
| PAT margin % | 5.1% | -65% | -3.6% | -3.4% | -20% | — | — | — |
| Working capital | ||||||||
| Receivable days | — | — | 135 | 98 | 127 | — | — | — |
| Inventory days | — | — | 0 | 0 | 0 | — | — | — |
| Payable days | — | — | 6,115 | 12,998 | 307 | — | — | — |
| NWC days | — | — | -5,980 | -12,900 | -180 | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | 1.48 | 1.38 | 1.3 | 27.55 | 9.06 | 21.49 |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | — | — | 0.06 | 0 | 0.06 | 0 | 0 | 0 |
| Interest coverage | 1.3 | -4.1 | -0.9 | -2.4 | -12.8 | 68 | -817 | — |
| Asset turnover | — | — | 0.39 | 0.42 | 0.22 | 0 | 0 | 0 |
| Return ratios | ||||||||
| Return on assets % | — | — | -1.4% | -1.4% | -4.3% | 3.7% | -29.3% | -2.2% |
| Return on capital employed % | — | — | -0.5% | -1% | -3.4% | 0.3% | -3.9% | -0.8% |
| Return on equity % | — | — | -1.8% | -1.8% | -5.3% | 4.1% | -32% | -2.4% |
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.