Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 24.8% | 61% | 63.8% | 44% | -7.1% | -427.9% | -82.8% | -10.4% |
| EBIT margin % | 24.7% | 60.3% | 63% | 43.5% | -7.6% | -432.6% | -84% | -10.7% |
| PAT margin % | -133.8% | -433.6% | -357.7% | -239.2% | -2,342.6% | -44.8% | 5.5% | 141.1% |
| Working capital | ||||||||
| Receivable days | — | — | 2 | 91 | 28 | 110 | 141 | 177 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 273 | 139 | 62 | 50 | 97 | 134 |
| NWC days | — | — | -271 | -48 | -34 | 61 | 45 | 43 |
| Leverage | ||||||||
| Current ratio | — | — | 0.18 | 0.21 | 0.22 | 0.22 | 0.34 | 0.53 |
| Debt to EBITDA | — | — | 127.71 | 146.45 | — | — | — | — |
| Debt to equity | — | — | 2.23 | 2.46 | -2.11 | -2.11 | -2.19 | -2.35 |
| Interest coverage | 0.4 | 0.4 | 0.4 | 0.3 | 0.7 | 1 | 1 | 2.4 |
| Asset turnover | — | — | 0.01 | 0.01 | 0.03 | 0.01 | 0.02 | 0.06 |
| Return ratios | ||||||||
| Return on assets % | — | — | -3% | -2.6% | -76.9% | -0.3% | 0.1% | 8% |
| Return on capital employed % | — | — | 3% | 1.5% | 5.5% | 16.2% | 14.8% | 27.7% |
| Return on equity % | — | — | -9.8% | -9.1% | 93.2% | 0.4% | -0.2% | -12% |
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.