Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 88.7% | 20.6% | 18% | 13.3% | 11.5% | 7.5% |
| EBITDA margin % | -100.6% | -189.3% | -216.1% | -10.7% | -9.7% | -23.6% | -3.5% | -3.4% |
| EBIT margin % | -106.1% | -189.3% | -258.1% | -14.6% | -12.5% | -25.5% | -5% | -3.4% |
| PAT margin % | -70.8% | -48.9% | -25.8% | -4% | -1.3% | -27.3% | -1.6% | 1.5% |
| Working capital | ||||||||
| Receivable days | — | — | 807 | 152 | 158 | 107 | 97 | 88 |
| Inventory days | — | — | 0 | 15 | 13 | 7 | 1 | 2 |
| Payable days | — | — | 1,825 | 25 | 20 | 5 | 5 | 4 |
| NWC days | — | — | -1,018 | 143 | 151 | 109 | 93 | 86 |
| Leverage | ||||||||
| Current ratio | — | — | 2.77 | 2.76 | 2.79 | 2.06 | 1.92 | 2.44 |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | — | — | 0 | 0 | 0 | 0.05 | 0.08 | 0.05 |
| Interest coverage | — | — | — | — | 29 | -21.2 | 0.2 | 3.4 |
| Asset turnover | — | — | 0.03 | 0.29 | 0.38 | 0.72 | 0.93 | 1.18 |
| Return ratios | ||||||||
| Return on assets % | — | — | -0.7% | -1.2% | -0.5% | -19.7% | -1.5% | 1.8% |
| Return on capital employed % | — | — | -0.5% | 1.6% | 1.8% | -15.9% | 0.1% | 2.3% |
| Return on equity % | — | — | -1% | -1.7% | -0.7% | -33.6% | -2.7% | 3% |
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.