Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 67% | 74.1% | 75.4% | ||||
| 86.6% |
| 88.8% |
| 89.8% |
| 93.3% |
| EBITDA margin % | -124.3% | -101.6% | 26% | 2.4% | -10.1% | 29.9% | 25.4% | -9.9% |
| EBIT margin % | -126.4% | -103.7% | 23.9% | 0.1% | -12.4% | 27.3% | 20.8% | -13.2% |
| PAT margin % | -111.7% | -107% | 30.4% | 223.2% | 30.7% | 104.4% | -3.3% | 259.6% |
| Working capital | ||||||||
| Receivable days | 0 | 0 | 0 | 0 | 65 | 39 | 21 | 0 |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | 158 | 174 | 152 | 251 |
| NWC days | — | — | — | — | -93 | -136 | -131 | -251 |
| Leverage | ||||||||
| Current ratio | 0.01 | 0.02 | 0.01 | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 |
| Debt to EBITDA | — | — | 1.14 | 13.1 | — | 95.26 | 87.27 | — |
| Debt to equity | -0.02 | -0.03 | -0.98 | -0.97 | -0.97 | -0.96 | -0.93 | -0.9 |
| Interest coverage | -13.7 | -10.9 | 4.3 | 0.2 | -0.7 | 2.3 | 1.8 | -0.8 |
| Asset turnover | 70.66 | 81.28 | 112.16 | 88.36 | 0.72 | 0.98 | 2.41 | 1.7 |
| Return ratios | ||||||||
| Return on assets % | -7,895.8% | -8,698.9% | 3,413.2% | 19,720.1% | 22.2% | 102.6% | -8% | 440.1% |
| Return on capital employed % | 356.3% | 319.5% | -134.7% | -8.3% | 0.3% | -1.2% | -1% | 0.5% |
| Return on equity % | 373.3% | 339.6% | -100% | -686.7% | -0.9% | -3.5% | 0.1% | -10.7% |
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.