Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 2.4% | 5.6% | 15.6% | 25.2% | 1.1% | — | — |
| EBITDA margin % | -0.6% | -5.5% | -38.6% | -678% | -573.4% | -517.9% | -638.6% | -2,162.1% |
| EBIT margin % | -0.8% | -6% | -40.5% | -692.7% | -582.7% | -529.1% | -652.5% | -2,201.1% |
| PAT margin % | -5.8% | -19.3% | -94.2% | 268.6% | -631.1% | -327.4% | -644.5% | -3,843.7% |
| Working capital | ||||||||
| Receivable days | — | — | 25 | 44 | 70 | 88 | 82 | 210 |
| Inventory days | — | — | 1 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 72 | 2,360 | 1,822 | 1,775 | 374 | 364 |
| NWC days | — | — | -46 | -2,316 | -1,752 | -1,688 | -292 | -154 |
| Leverage | ||||||||
| Current ratio | — | — | 0.17 | 0.27 | 0.14 | 0.15 | 0.13 | 0.12 |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | — | — | -2.19 | -1.88 | -1.39 | -1.31 | -1.21 | -1.11 |
| Interest coverage | 0.3 | -0.8 | -1.3 | -2.8 | -14.2 | -28 | -86.3 | -0.2 |
| Asset turnover | — | — | 0.59 | 0.03 | 0.02 | 0.02 | 0.02 | 0 |
| Return ratios | ||||||||
| Return on assets % | — | — | -55.2% | 7.6% | -15.2% | -6.8% | -9.8% | -15.4% |
| Return on capital employed % | — | — | 34.8% | 17.1% | 8.6% | 4.5% | 5% | 0.3% |
| Return on equity % | — | — | 83.6% | -11.2% | 15% | 5.7% | 7.5% | 11.2% |
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.