Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | — | — | 0% | 50% | -20% | 76.1% | 50.3% | 42.2% |
| EBIT margin % | — | — | -8.3% | 45% | -20% | 75.7% | 44.1% | 39.2% |
| PAT margin % | — | — | 0% | 85% | 10% | 123.9% | 55.9% | 26.1% |
| Working capital | ||||||||
| Receivable days | — | — | 213 | 201 | 256 | 429 | 744 | 385 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 395 | 475 | 0 | 0 | 53 | 555 |
| NWC days | — | — | -183 | -274 | 256 | 429 | 691 | -170 |
| Leverage | ||||||||
| Current ratio | — | — | 1.23 | 2.44 | 26 | 14.37 | 40.38 | 1.98 |
| Debt to EBITDA | — | — | — | 0 | — | 0.82 | 1.32 | 0.05 |
| Debt to equity | — | — | 0.01 | 0 | 0 | 0.06 | 0.03 | 0.01 |
| Interest coverage | — | — | — | — | — | 370 | 44.3 | — |
| Asset turnover | — | — | 0.02 | 0.03 | 0.01 | 0.09 | 0.05 | 0.29 |
| Return ratios | ||||||||
| Return on assets % | — | — | 0% | 2.4% | 0.1% | 10.8% | 2.6% | 7.7% |
| Return on capital employed % | — | — | 0% | 2.9% | 0.1% | 24% | 4.3% | 19.2% |
| Return on equity % | — | — | 0% | 2.5% | 0.1% | 12.1% | 2.8% | 11% |
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.