Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 16.5% | 21.3% | 21.9% | -10.8% | 2.9% | 2.6% | -2.7% | -1.4% |
| EBIT margin % | 12.1% | 13.1% | 13.9% | -18.1% | -14.7% | -14.4% | -17.7% | -15.2% |
| PAT margin % | 10.5% | 11.8% | 8.8% | 393.2% | 24.9% | -1.8% | -18.9% | -8.8% |
| Working capital | ||||||||
| Receivable days | 3 | 2 | 128 | 169 | 103 | 87 | 74 | 99 |
| Inventory days | — | — | 0 | 4 | 3 | 3 | 1 | 0 |
| Payable days | 1 | 1 | 27 | 123 | 63 | 37 | 45 | 47 |
| NWC days | — | — | 101 | 50 | 44 | 52 | 31 | 52 |
| Leverage | ||||||||
| Current ratio | 1.99 | 1.88 | 3.13 | 2.2 | 3.44 | 1.65 | 1.25 | 1.53 |
| Debt to EBITDA | 0.02 | 0.01 | 0.21 | — | 7.99 | 9.75 | — | — |
| Debt to equity | 0.32 | 0.29 | 0.06 | 0.16 | 0.07 | 0.13 | 0.19 | 0.2 |
| Interest coverage | 26.7 | 6.3 | 6.3 | 1.1 | 2 | 0.5 | -1.1 | -0.2 |
| Asset turnover | 51.26 | 39.65 | 0.74 | 0.1 | 0.23 | 0.35 | 0.39 | 0.44 |
| Return ratios | ||||||||
| Return on assets % | 537.9% | 465.9% | 6.5% | 37.6% | 5.8% | -0.6% | -7.3% | -3.9% |
| Return on capital employed % | 1,056.6% | 1,035.8% | 28% | 0.4% | 4.2% | 1% | -3.6% | -0.6% |
| Return on equity % | 971.7% | 1,103.1% | 10.9% | 57.3% | 7.5% | -0.9% | -11.8% | -6.2% |
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.