Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 40.5% | 20.9% | 1% | 0.3% | 8.1% | 3% | 0.3% |
| EBITDA margin % | -81.3% | 11.6% | -19.2% | -31.2% | -45.6% | 3.4% | -35.8% | -0.2% |
| EBIT margin % | -83.7% | 10.2% | -24.1% | -37% | -54.4% | 2.7% | -40% | -0.3% |
| PAT margin % | 34.1% | 42.2% | 29.5% | 12.5% | 28% | -9.3% | 31.8% | 0.4% |
| Working capital | ||||||||
| Receivable days | — | — | 38 | 7 | 16 | 1 | 2 | 0 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 73 | — | 26 | 5 | 7 | 2 | 5 | 0 |
| NWC days | — | — | 12 | 2 | 8 | -1 | -3 | 0 |
| Leverage | ||||||||
| Current ratio | 8.65 | — | 8.24 | 4.45 | 4.32 | 44.45 | 97 | 43.18 |
| Debt to EBITDA | — | — | — | — | — | 0 | — | — |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 8 | 1,307 | — | — | — | 707 | 214 | 6.6 |
| Asset turnover | 0.03 | — | 0.04 | 0.05 | 0.03 | 0.4 | 0.05 | 3.45 |
| Return ratios | ||||||||
| Return on assets % | 1% | — | 1.3% | 0.6% | 0.9% | -3.7% | 1.6% | 1.4% |
| Return on capital employed % | 2.1% | — | 1.7% | 0.8% | 1.2% | 3.3% | 2% | 2.2% |
| Return on equity % | 1.1% | — | 1.4% | 0.7% | 1% | -3.7% | 1.6% | 1.5% |
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.