Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | -12.8% | -2.2% | 29.1% | 21.9% | -2.9% | 34.3% | 44.7% | 30% |
| EBIT margin % | -12.7% | -2.2% | 29.1% | 21.2% | -3.8% | 33.7% | 44.3% | 27.7% |
| PAT margin % | 37.3% | 37.6% | 18.5% | 68.5% | 1.9% | 52.1% | 90.4% | 47.6% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | 0 | 0 | 0 | 11 |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | 0 | 0 | 0 | 59 |
| NWC days | — | — | — | — | 0 | 0 | 0 | -48 |
| Leverage | ||||||||
| Current ratio | — | — | — | — | 9.62 | 8.73 | 13.12 | 16.23 |
| Debt to EBITDA | — | — | — | — | — | 3.62 | 1.37 | 0.41 |
| Debt to equity | — | — | — | — | 0.61 | 0.48 | 0.13 | 0.02 |
| Interest coverage | 13.3 | 18.5 | — | 51.5 | 22 | 49 | 226 | 270 |
| Asset turnover | — | — | — | — | 0.07 | 0.1 | 0.13 | 0.1 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | — | 0.1% | 5.4% | 11.8% | 5% |
| Return on capital employed % | — | — | — | — | 3% | 6.5% | 13.9% | 7.7% |
| Return on equity % | — | — | — | — | 0.6% | 20.2% | 18.6% | 6.1% |
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.