Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | -35.5% | -35.9% | -28% | -7.9% | -37.5% | -36.3% | 17.9% | 23.7% |
| EBIT margin % | -51.4% | -52.5% | -41.7% | -17.2% | -45.9% | -44.6% | 13.5% | 19.7% |
| PAT margin % | 21.4% | 17.3% | 46.1% | 41% | 2.2% | 48.3% | 4.5% | 7.4% |
| Working capital | ||||||||
| Receivable days | — | — | 0 | 7 | 0 | 0 | 214 | 349 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| NWC days | — | — | 0 | 7 | 0 | 0 | 214 | 349 |
| Leverage | ||||||||
| Current ratio | — | — | 44.83 | 39.68 | 13.86 | 17.81 | 1.59 | 2.76 |
| Debt to EBITDA | — | — | — | — | — | — | 6.57 | 7.12 |
| Debt to equity | — | — | 0 | 0 | 0.09 | 0.12 | 0.11 | 0.15 |
| Interest coverage | 10.8 | 35.7 | 101.7 | 72.2 | 3.5 | 4.6 | 2.3 | 2.8 |
| Asset turnover | — | — | 0.06 | 0.07 | 0.05 | 0.04 | 0.08 | 0.07 |
| Return ratios | ||||||||
| Return on assets % | — | — | 2.7% | 2.8% | 0.1% | 1.8% | 0.4% | 0.5% |
| Return on capital employed % | — | — | 2.6% | 3.1% | 1.4% | 4.2% | 2.4% | 2.5% |
| Return on equity % | — | — | 2.9% | 2.9% | 0.1% | 2.1% | 0.4% | 0.6% |
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.