Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 44.2% | — | — | — | — | — | — |
| EBITDA margin % | 5.5% | 25% | 10.6% | 27.8% | -396.1% | -41.7% | -3.1% | -63.3% |
| EBIT margin % | -15.5% | 4.5% | -56.8% | -4.6% | -402.7% | -46.4% | -6.8% | -80.8% |
| PAT margin % | -327.6% | -548.5% | -178.4% | -178.5% | 50,832.1% | -446.3% | 1,810.3% | 12,764.9% |
| Working capital | ||||||||
| Receivable days | — | — | 28 | 14 | 150 | 133 | 276 | 165 |
| Inventory days | 9 | — | 23 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 358 | 118 | 728 | 302 | 386 | 93 |
| NWC days | — | — | -307 | -103 | -577 | -169 | -110 | 72 |
| Leverage | ||||||||
| Current ratio | 0.3 | — | 0.2 | 0.18 | 9.37 | 0.23 | 0.11 | 1.59 |
| Debt to EBITDA | 84.11 | — | 104.84 | 42.85 | — | — | — | — |
| Debt to equity | 11.38 | — | -0.61 | -0.51 | -0.25 | -1.16 | -0.97 | -0.99 |
| Interest coverage | -0 | 0.2 | -0.4 | 0.9 | 0.2 | 0.6 | 3.8 | 1.3 |
| Asset turnover | 0.11 | — | 0.11 | 0.35 | 0.01 | 0.05 | 0.35 | 0.23 |
| Return ratios | ||||||||
| Return on assets % | -35.8% | — | -20.2% | -62.3% | 443.7% | -21.6% | 642.3% | 2,949.4% |
| Return on capital employed % | -0.1% | — | 7.2% | -9.5% | 6.4% | -7.7% | -149.7% | 573.5% |
| Return on equity % | -810.9% | — | 9.8% | 7.6% | -105.6% | 4.2% | -28.5% | -73.7% |
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.