Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 11.5% | 15.1% | 26.7% | 18% | 9.2% | 29.7% |
| EBITDA margin % | -117.9% | -76.9% | -45% | -42% | -74.2% | -79.1% | -183.9% | -188.1% |
| EBIT margin % | -117.9% | -76.9% | -57.3% | -43.7% | -76.7% | -80.6% | -186.2% | -190.1% |
| PAT margin % | -115.1% | -67% | -42.8% | -43.7% | -76.7% | -79.9% | -95.4% | -187.1% |
| Working capital | ||||||||
| Receivable days | — | — | 120 | 215 | 262 | 142 | 0 | 126 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 132 | 235 | 398 | 205 | 18 | 15 |
| NWC days | — | — | -12 | -20 | -137 | -63 | -18 | 111 |
| Leverage | ||||||||
| Current ratio | — | — | 1.27 | 1.31 | 1.71 | 1.58 | 18.36 | 6.58 |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | — | — | -2.22 | -2.17 | -2.08 | -1.94 | 0.82 | 0.45 |
| Interest coverage | — | — | -12.8 | — | — | — | — | — |
| Asset turnover | — | — | 0.11 | 0.1 | 0.1 | 0.12 | 0.03 | 0.03 |
| Return ratios | ||||||||
| Return on assets % | — | — | -4.8% | -4.2% | -7.6% | -9.7% | -3% | -4.7% |
| Return on capital employed % | — | — | -4.8% | -4.8% | -8.4% | -10.3% | -4.4% | -5.6% |
| Return on equity % | — | — | 6.5% | 5.7% | 9.1% | 9.9% | -5.6% | -6.9% |
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.