Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 26.5% | 10% | -21.7% | 4.5% | 32.1% | 12.3% | 11.4% | 5.7% |
| EBIT margin % | 25.9% | 9.1% | -22.3% | 4% | 31.8% | 11.4% | 10.9% | 5.4% |
| PAT margin % | 27% | 6.9% | -22.6% | 4% | 29.3% | 2.8% | 12.4% | -643.8% |
| Working capital | ||||||||
| Receivable days | — | — | 313 | — | 17 | 50 | 28 | 7 |
| Inventory days | — | — | 0 | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | 15 | — | 19 | 53 | 98 | 95 |
| NWC days | — | — | 298 | — | -3 | -3 | -69 | -87 |
| Leverage | ||||||||
| Current ratio | — | — | 5.03 | — | 1.61 | 0.3 | 0.49 | 0.43 |
| Debt to EBITDA | — | — | — | — | 0 | 0 | 160.16 | 349.02 |
| Debt to equity | — | — | 0 | — | 0 | 0 | 0.68 | 0.86 |
| Interest coverage | 112.6 | 64.8 | -43.6 | 51 | 623 | 147 | 147 | — |
| Asset turnover | — | — | 0.14 | — | 0.12 | 0.03 | 0.02 | 0.02 |
| Return ratios | ||||||||
| Return on assets % | — | — | -3.2% | — | 3.6% | 0.1% | 0.3% | -14.2% |
| Return on capital employed % | — | — | -1.9% | — | 4.9% | 0.8% | 0.5% | 0.2% |
| Return on equity % | — | — | -3.3% | — | 4.2% | 0.1% | 0.5% | -27.8% |
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.