Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 36.6% | 57.3% | -73.9% | -111.8% | 85.9% | 122% | 113.5% | 51.2% |
| EBIT margin % | 35% | 56% | -76% | -114.8% | 81.4% | 119.1% | 109.9% | 48.5% |
| PAT margin % | -20.6% | -12.4% | -142.1% | -263.1% | -53.8% | 15.3% | 6.4% | 5.8% |
| Working capital | ||||||||
| Receivable days | 3 | 13 | — | 15 | — | — | — | — |
| Inventory days | — | — | — | — | 0 | — | — | 0 |
| Payable days | 0 | 0 | 25 | 12 | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 20.41 | 9.57 | — | — | 12.66 | 5.32 | 4.89 | 7.81 |
| Debt to equity | 3.81 | 3 | 4.58 | 15.74 | 9.28 | 4.49 | 2.18 | 2.01 |
| Interest coverage | 0.6 | 0.9 | -0.9 | -0.9 | 0.7 | 1.8 | 1.7 | 1.1 |
| Asset turnover | 0.1 | 0.12 | 0.09 | 0.08 | 0.06 | 0.08 | 0.07 | 0.09 |
| Return ratios | ||||||||
| Return on assets % | -2% | -1.5% | -12.8% | -22% | -3.2% | 1.3% | 0.5% | 0.5% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | -10.5% | -6.8% | -82.5% | -447% | -45.9% | 10.6% | 2.5% | 2.9% |
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.