Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 29.9% | 35% | 22.5% | 66.5% | 53.5% | -33.3% | -117.1% | -5.3% |
| EBIT margin % | 27.9% | 33.5% | 20.6% | 62.2% | 39.7% | -95.6% | -163.4% | -14.7% |
| PAT margin % | 31% | 24.9% | 17.2% | 79.1% | 37.4% | 48.9% | 1,219.5% | -6.3% |
| Working capital | ||||||||
| Receivable days | — | — | — | 94 | 120 | 349 | 383 | 388 |
| Inventory days | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | 76 | 63 | 67 | 41 | 0 |
| NWC days | — | — | — | 18 | 56 | 282 | 342 | 388 |
| Leverage | ||||||||
| Current ratio | — | — | — | 75.31 | 47.32 | 26.98 | 1.32 | 5.91 |
| Debt to EBITDA | — | — | — | 0 | 0 | — | — | — |
| Debt to equity | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | — | — | 120 | 4.6 | 2.2 | — | 123 |
| Asset turnover | — | — | — | 0.04 | 0.03 | 0 | 0 | 0 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 3.1% | 1.1% | 0.2% | 2.3% | -0% |
| Return on capital employed % | — | — | — | 4.1% | 1.9% | 0.6% | 3.8% | 0.4% |
| Return on equity % | — | — | — | 3.1% | 1.1% | 0.2% | 2.3% | -0% |
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.