Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | -86% | -86.6% | -100% | -101.3% | -20.3% | 15.3% | 44.7% | -22.4% |
| EBIT margin % | -90.6% | -103.6% | -139.5% | -142.3% | -46.6% | -7% | 33.6% | -44.2% |
| PAT margin % | -66.2% | -25.8% | -675.3% | 720.5% | 4.5% | 99.4% | 25.5% | 27.9% |
| Working capital | ||||||||
| Receivable days | 11 | 21 | 36 | 33 | 22 | 42 | 10 | 20 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 5 | 9 | 14 | 28 | 25 | 19 | 12 | 11 |
| NWC days | — | — | 23 | 5 | -3 | 23 | -2 | 9 |
| Leverage | ||||||||
| Current ratio | 5.87 | 6.22 | 17.81 | 14.9 | 15.7 | 44.61 | 4.7 | 5.85 |
| Debt to EBITDA | — | — | — | — | — | 0.54 | 0.18 | — |
| Debt to equity | 0.03 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0 |
| Interest coverage | -59.7 | -6.2 | 15.8 | -15.8 | 6.3 | 44.8 | 55.5 | 20 |
| Asset turnover | 0.11 | 0.08 | 0.05 | 0.03 | 0.06 | 0.06 | 0.11 | 0.06 |
| Return ratios | ||||||||
| Return on assets % | -7.5% | -2.1% | -30.7% | 23.7% | 0.3% | 6.3% | 2.9% | 1.6% |
| Return on capital employed % | -7.3% | -1.6% | 4.7% | -3.9% | 0.8% | 7.6% | 8.9% | 2.4% |
| Return on equity % | -8% | -2.2% | -32.2% | 24.9% | 0.3% | 6.5% | 3.2% | 1.8% |
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.