Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 17.9% | — | 63.8% | ||||
| 44.8% |
| 64.1% |
| 98.2% |
| — |
| EBITDA margin % | 47.9% | 0.3% | -95.8% | -1.8% | 1.1% | 0.5% | 88.3% | -1,017.4% |
| EBIT margin % | 47.9% | 0.3% | -95.8% | -1.8% | 0.8% | 0% | 88.2% | -1,034.8% |
| PAT margin % | 4.2% | 0.3% | -91.7% | -1.2% | 0.7% | 0.5% | 90.1% | 2,700% |
| Working capital | ||||||||
| Receivable days | — | 369 | 4,167 | 45 | 29 | 5 | 266 | 30,009 |
| Inventory days | — | 0 | 0 | 156 | 217 | 79 | 0 | 0 |
| Payable days | — | 380 | 1,926 | 311 | 350 | 125 | 365 | 48 |
| NWC days | — | -12 | 2,241 | -110 | -104 | -41 | -99 | 29,961 |
| Leverage | ||||||||
| Current ratio | — | 1.69 | 1.6 | 2.32 | 1.3 | 2.19 | 7.2 | 38.07 |
| Debt to EBITDA | — | 0 | — | — | 0 | 0 | 0 | — |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | — | — | — | 8 | — | — | — |
| Asset turnover | — | 0.66 | 0.06 | 1.24 | 1.35 | 2.23 | 0.9 | 0.01 |
| Return ratios | ||||||||
| Return on assets % | — | 0.2% | -5.2% | -1.5% | 1% | 1% | 80.9% | 18.3% |
| Return on capital employed % | — | 1.1% | -13% | -3.2% | 5% | 1.8% | 177% | -7.1% |
| Return on equity % | — | 0.6% | -13.9% | -2.6% | 3.7% | 1.8% | 93.9% | 18.7% |
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.