Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | -75% | -76.2% | 2% | 1.9% | -42.4% | -41.7% | -56.9% | -134.7% |
| EBIT margin % | -87.7% | -91% | -9.4% | -8% | -55.2% | -57.1% | -74.9% | -166.9% |
| PAT margin % | -49% | -67.2% | 71.1% | 55.3% | -21.6% | 110.8% | 58.8% | 7.4% |
| Working capital | ||||||||
| Receivable days | — | — | 43 | 58 | 39 | 52 | 52 | 60 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 10 | 8 | 14 | 15 | 8 | 13 |
| NWC days | — | — | 33 | 50 | 25 | 37 | 44 | 47 |
| Leverage | ||||||||
| Current ratio | — | — | 22.03 | 18.33 | 16.9 | 23.98 | 38.94 | 40.69 |
| Debt to EBITDA | — | — | 6 | 4.2 | — | — | — | — |
| Debt to equity | — | — | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 |
| Interest coverage | -13.3 | -22.6 | 54.3 | 39.6 | -11.4 | 42 | 31.3 | 7.6 |
| Asset turnover | — | — | 0.18 | 0.15 | 0.15 | 0.12 | 0.1 | 0.05 |
| Return ratios | ||||||||
| Return on assets % | — | — | 12.6% | 8.5% | -3.2% | 13.3% | 5.8% | 0.4% |
| Return on capital employed % | — | — | 15.3% | 12.9% | -3.5% | 14.1% | 9.3% | 2.4% |
| Return on equity % | — | — | 13.3% | 9.3% | -3.5% | 14.2% | 6.2% | 0.4% |
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.