Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | -15.8% | 19.7% | -64.3% | 46% | 98.5% | 89.5% | 91.2% |
| EBITDA margin % | -8.2% | -166.1% | -149.4% | -893% | 5% | 33.4% | 43% | 59% |
| EBIT margin % | -10.4% | -259.9% | -163.2% | -929.5% | -2.2% | 23.6% | 32.6% | 36.3% |
| PAT margin % | -53% | -467.8% | -22.9% | -626.4% | -12.7% | 15.3% | 30.8% | 42.1% |
| Working capital | ||||||||
| Receivable days | — | — | 0 | 0 | 32 | 342 | 434 | 290 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 33 | 0 | 106 | 0 | 109 | 229 |
| NWC days | — | — | -33 | 0 | -74 | 342 | 325 | 61 |
| Leverage | ||||||||
| Current ratio | — | — | 1.7 | 2.66 | 2.61 | 4.55 | 5.03 | 1.25 |
| Debt to EBITDA | — | — | — | — | 35.83 | 3.26 | 0 | 0 |
| Debt to equity | — | — | 1.88 | -2.78 | -2.57 | 1.12 | 0 | 0 |
| Interest coverage | -87.9 | — | — | -12.7 | -0.1 | 2.7 | 15.6 | — |
| Asset turnover | — | — | 0.45 | 0.11 | 0.78 | 0.42 | 0.2 | 0.15 |
| Return ratios | ||||||||
| Return on assets % | — | — | -10.2% | -66.3% | -9.9% | 6.4% | 6.3% | 6.3% |
| Return on capital employed % | — | — | -16.7% | -90.1% | -1.4% | 13.5% | 13.7% | 9.6% |
| Return on equity % | — | — | -48.5% | 134.2% | 18.2% | 15.7% | 7.6% | 7.4% |
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.