Standalone figures
| Ratio | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 48.4% | 30.5% | — | — | 77.6% | 12.7% | 94.2% |
| EBITDA margin % | -69.7% | 0.2% | -6% | — | — | -51.5% | -1.3% | 49.6% |
| EBIT margin % | -82.6% | -10.1% | -11.9% | — | — | -72.8% | -2.7% | 49.6% |
| PAT margin % | -85.1% | -62.9% | -31.3% | — | — | 88.7% | 21.8% | 320% |
| Working capital | ||||||||
| Receivable days | — | 593 | 484 | — | — | 6,463 | 2,868 | 3,521 |
| Inventory days | — | 91 | 64 | — | — | 0 | 0 | 0 |
| Payable days | — | 709 | 633 | — | — | 0 | 7 | 225 |
| NWC days | — | -25 | -84 | — | — | 6,463 | 2,861 | 3,295 |
| Leverage | ||||||||
| Current ratio | — | 1.43 | 1.19 | 0.65 | 4.89 | 32.26 | 20.91 | 7.51 |
| Debt to EBITDA | — | 501.58 | — | — | — | — | — | 31.76 |
| Debt to equity | — | 0.4 | 0.56 | -4.42 | 0.17 | 0 | 0.31 | 0.97 |
| Interest coverage | -2.2 | -0.5 | -0.4 | — | -4.5 | -0.2 | 4.7 | 4.4 |
| Asset turnover | — | 0.21 | 0.2 | 0 | 0 | 0.04 | 0.07 | 0.03 |
| Return ratios | ||||||||
| Return on assets % | — | -12.9% | -6.3% | -0.9% | 32.9% | 3.7% | 1.6% | 9.5% |
| Return on capital employed % | — | -3.6% | -4.3% | -5.8% | -1.8% | -0.2% | 3.1% | 11.8% |
| Return on equity % | — | -26% | -15.3% | 8.3% | 40.4% | 3.8% | 2.1% | 19.8% |
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.