Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 14.6% | 9.1% | 13.8% | -20% | 42.9% | — |
| EBITDA margin % | 1.8% | -43.5% | -24.6% | -129.3% | -1,707.8% | -1,158.9% |
| EBIT margin % | 0.1% | -50.5% | -28.5% | -163.5% | -1,823.5% | -1,314.3% |
| PAT margin % | -10.1% | -69.9% | -56.4% | -1,057.9% | -8,791.7% | -7,489.3% |
| Working capital | ||||||
| Receivable days | — | 363 | 59 | 199 | 234 | 0 |
| Inventory days | — | 30 | 20 | 7 | 0 | 0 |
| Payable days | — | 113 | 36 | 193 | 10,358 | 1,741 |
| NWC days | — | 281 | 43 | 13 | -10,125 | -1,741 |
| Leverage | ||||||
| Current ratio | — | 0.87 | 0.47 | 0.08 | 0.02 | 0.01 |
| Debt to EBITDA | — | — | — | — | — | — |
| Debt to equity | — | 0.54 | 1.34 | -3.09 | -1.38 | -1.18 |
| Interest coverage | 0.9 | -3.4 | -3.5 | -0.7 | -0.5 | 0.1 |
| Asset turnover | — | 0.3 | 0.77 | 0.11 | 0.01 | 0 |
| Return ratios | ||||||
| Return on assets % | — | -21% | -43.2% | -118.8% | -56.4% | -12.2% |
| Return on capital employed % | — | -20.1% | -24.6% | -15.4% | 9.6% | -1.8% |
| Return on equity % | — | -43.1% | -132.1% | 413.5% | 64.6% | 12.4% |
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.