Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | 11.8% |
| EBITDA margin % | — | — | 57.6% | — | 8.2% | -8.3% | -4.7% | 0.2% |
| EBIT margin % | — | — | 57.6% | — | 8.2% | -8.3% | -5.1% | 0% |
| PAT margin % | — | — | 42.4% | — | 263.3% | 48.6% | 1.9% | 0.2% |
| Working capital | ||||||||
| Receivable days | — | — | 0 | — | 209 | 315 | 111 | 104 |
| Inventory days | — | — | 0 | — | 0 | — | — | 0 |
| Payable days | — | — | 0 | — | 73 | — | — | 104 |
| NWC days | — | — | 0 | — | 136 | — | — | 0 |
| Leverage | ||||||||
| Current ratio | — | — | 5.43 | 165 | 1.38 | 0.8 | 2.2 | 2.18 |
| Debt to EBITDA | — | — | 0 | — | 818.5 | — | — | 78.33 |
| Debt to equity | — | — | 0 | 0 | 1.68 | 0.07 | 0.04 | 0.04 |
| Interest coverage | — | — | — | — | 2.5 | 1.9 | -0.5 | 1.5 |
| Asset turnover | — | — | 0.06 | 0 | 0.01 | 0.05 | 0.12 | 0.2 |
| Return ratios | ||||||||
| Return on assets % | — | — | 2.7% | -4.2% | 2.4% | 2.3% | 0.2% | 0% |
| Return on capital employed % | — | — | 3.9% | -4.8% | 10.6% | 7.2% | -0.3% | 0.5% |
| Return on equity % | — | — | 2.7% | -4.3% | 6.6% | 2.6% | 0.3% | 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.