Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | -2% | -127% | 76.8% | 65.2% | -89.5% | 71.1% | 48.6% | 84.6% |
| EBIT margin % | -3.3% | -131.1% | 75.2% | 63.8% | -93% | 70.1% | 47% | 84.1% |
| PAT margin % | 5.4% | -116.1% | 47.1% | 52.4% | -75.4% | 53.5% | 34.1% | 64.6% |
| Working capital | ||||||||
| Receivable days | — | 423 | 59 | — | — | — | — | — |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | — | — | 0.04 | 0.15 | — | 0.12 | 0.05 | 0.25 |
| Debt to equity | — | 0.01 | 0.01 | 0.03 | 0.06 | 0.04 | 0 | 0.08 |
| Interest coverage | 3.4 | -9.1 | 20.5 | 15 | -30.4 | 32.2 | 16.2 | 38.5 |
| Asset turnover | — | 0.14 | 0.28 | 0.18 | 0.08 | 0.27 | 0.12 | 0.28 |
| Return ratios | ||||||||
| Return on assets % | — | -15.9% | 13.3% | 9.6% | -5.7% | 14.6% | 4.1% | 18.2% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | — | -25% | 19.1% | 16.4% | -10.2% | 23.2% | 5.1% | 23.7% |
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.