Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | -1,309.8% | -32.7% | -28.7% | -28.7% | -30.3% | -30% | 3.3% | -23% |
| EBIT margin % | -1,310.8% | -35.6% | -30.5% | -28.8% | -30.4% | -30.1% | 3.3% | -23% |
| PAT margin % | -636.3% | 103.3% | -27% | -73% | 13.4% | -26.3% | -71.7% | -27.6% |
| Working capital | ||||||||
| Receivable days | 186 | — | 98 | 45 | 22 | 119 | 333 | 334 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 39 | 18 | 20 | 20 | 18 | 32 |
| NWC days | — | — | 59 | 27 | 2 | 99 | 315 | 302 |
| Leverage | ||||||||
| Current ratio | 0.25 | — | 1.35 | 0.66 | 2.03 | 18.66 | 56.91 | 27.4 |
| Debt to EBITDA | — | — | — | — | — | — | 59.66 | — |
| Debt to equity | 0.35 | — | 0.37 | 0.4 | 0.38 | 0.09 | 0.05 | 0.04 |
| Interest coverage | 1.2 | 8.6 | -0.5 | -0.4 | 1.8 | -2.1 | — | — |
| Asset turnover | 0 | 28.68 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 |
| Return ratios | ||||||||
| Return on assets % | -0.6% | 2,962.6% | -0.8% | -2.1% | 0.3% | -0.5% | -1.7% | -0.6% |
| Return on capital employed % | 3.7% | — | -0.2% | -0.7% | 0.7% | -0.4% | 0.7% | 0.5% |
| Return on equity % | -0.9% | — | -1.1% | -3% | 0.4% | -0.6% | -1.8% | -0.6% |
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.