Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 12.1% | 37.6% | 44.9% | 43.6% | 29.4% | 11.2% | -12.2% | -25.1% |
| EBIT margin % | 4% | 17% | 27.2% | 26.6% | 11.9% | 6% | -19.9% | -32.9% |
| PAT margin % | -32.7% | -91.8% | -42.3% | -175.1% | -182.9% | -164.2% | -67.1% | -172.2% |
| Working capital | ||||||||
| Receivable days | — | — | 16 | 18 | 26 | 24 | 45 | 51 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 444 | 269 | 175 | 194 | 189 | 210 |
| NWC days | — | — | -429 | -250 | -149 | -170 | -145 | -159 |
| Leverage | ||||||||
| Current ratio | — | — | 0.05 | 0.06 | 0.08 | 0.08 | 0.05 | 0.04 |
| Debt to EBITDA | — | — | 0.12 | 0 | 0 | 0 | — | — |
| Debt to equity | — | — | 0.03 | 0 | -0 | -0 | -0 | -0 |
| Interest coverage | 1.1 | 1.2 | 1.9 | 1.9 | 1.1 | 0.8 | 0.2 | 0.2 |
| Asset turnover | — | — | 0.19 | 0.24 | 0.31 | 0.33 | 0.25 | 0.24 |
| Return ratios | ||||||||
| Return on assets % | — | — | -8% | -42.5% | -56.1% | -53.8% | -16.4% | -42.1% |
| Return on capital employed % | — | — | 17.5% | 24% | -176.7% | -8.1% | -2.2% | -1.4% |
| Return on equity % | — | — | -20.8% | -287.1% | 171.1% | 53% | 13.5% | 21.6% |
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.