Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | 7% | 12.8% | 33.2% |
| EBITDA margin % | — | -11.1% | -5.9% | — | 11.1% | -1.7% | -42.9% | -49.9% |
| EBIT margin % | — | -11.1% | -5.9% | — | 11.1% | -1.6% | -45.4% | -53.8% |
| PAT margin % | — | -22.2% | 82.4% | — | -22.2% | 3.5% | 12.6% | -59.9% |
| Working capital | ||||||||
| Receivable days | — | 0 | 0 | — | 345 | 402 | 1,194 | 435 |
| Inventory days | — | 0 | 0 | — | 0 | 0 | 6 | 13 |
| Payable days | — | 55 | 0 | — | 91 | 410 | 31 | 114 |
| NWC days | — | -55 | 0 | — | 253 | -8 | 1,169 | 333 |
| Leverage | ||||||||
| Current ratio | — | 2.33 | 4 | 0.12 | 0.4 | 4.16 | 3.87 | 2.5 |
| Debt to EBITDA | — | — | — | — | 28.5 | — | — | — |
| Debt to equity | — | -1.57 | — | -1.7 | -2.11 | 0 | 0 | 0.04 |
| Interest coverage | — | -1 | -0.5 | -19 | 1 | 28 | 8.4 | -1.3 |
| Asset turnover | — | 1.29 | 0.68 | 0 | 0.51 | 0.13 | 0.01 | 0.04 |
| Return ratios | ||||||||
| Return on assets % | — | -28.6% | 56% | -121.1% | -11.4% | 0.4% | 0.2% | -2.7% |
| Return on capital employed % | — | -25% | -6.5% | -13,69,09,42,86,72,06,30,800% | -7.4% | 0.7% | 0.5% | -1.6% |
| Return on equity % | — | 28.6% | — | 100% | 14.8% | 0.5% | 0.2% | -3.1% |
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.