Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 97.5% | 70.1% | — | — | — |
| EBITDA margin % | -11.7% | -12.8% | 22.5% | 15.4% | 13.8% | 28.8% | 9.9% | 7.3% |
| EBIT margin % | -12.4% | -15.9% | 21% | 14.1% | 12.2% | 27.4% | 8.4% | 4.6% |
| PAT margin % | — | 31.7% | 30.2% | 23% | 10.8% | 13.1% | 0.4% | 4.5% |
| Working capital | ||||||||
| Receivable days | — | — | 84 | 67 | — | — | — | — |
| Inventory days | — | — | 18 | 57 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 655 | 19,604 | — | — | — | — |
| NWC days | — | — | -553 | -19,480 | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | 4.1 | 3.79 | — | — | — | — |
| Debt to EBITDA | — | — | 1.41 | 1.47 | — | 1.57 | 5.15 | 6.75 |
| Debt to equity | — | — | 0.05 | 0.05 | — | 0.12 | 0.1 | 0.08 |
| Interest coverage | -10.1 | 4.9 | 70.6 | 18.3 | 20.5 | 14.9 | 1.8 | 1.5 |
| Asset turnover | — | — | 0.12 | 0.15 | 0.18 | 0.17 | 0.14 | 0.11 |
| Return ratios | ||||||||
| Return on assets % | — | — | 3.8% | 3.4% | 2% | 2.2% | 0% | 0.5% |
| Return on capital employed % | — | — | 7.2% | 6.7% | — | — | — | — |
| Return on equity % | — | — | 4.9% | 4.6% | 2.6% | 3.5% | 0.1% | 0.7% |
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.