Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 77.3% | 77.8% | 77.1% | 57.1% | 41.7% | 78.6% | 76.9% | 97.8% |
| EBITDA margin % | -3,859.1% | -3,055.6% | -18.1% | -1,157.1% | -1,558.3% | -1,664.3% | -684.6% | -31.1% |
| EBIT margin % | -4,059.1% | -3,288.9% | -34.8% | -1,357.1% | -1,675% | -1,721.4% | -730.8% | -34.4% |
| PAT margin % | 10,240.9% | -3,038.9% | 0% | 42.9% | -1,483.3% | 7,735.7% | -576.9% | 2.2% |
| Working capital | ||||||||
| Receivable days | 22,879 | 27,923 | 756 | 7,456 | 8,821 | 6,622 | 7,132 | 1,030 |
| Inventory days | 3,431 | 4,198 | 35 | 243 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 407 | 3,528 | 6,779 | 4,623 | 3,528 | 8,213 |
| NWC days | — | — | 384 | 4,171 | 2,042 | 1,999 | 3,603 | -7,182 |
| Leverage | ||||||||
| Current ratio | 0.45 | 0.4 | 0.2 | 0.1 | 0.1 | 0.56 | 12.41 | 0.24 |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | 0.81 | 0.98 | 0.87 | 0.86 | 0.87 | 0.24 | 0.26 | 0.27 |
| Interest coverage | 29.5 | -7.3 | 5.9 | -3.2 | -1.7 | 22.7 | -1.1 | 1.1 |
| Asset turnover | 0 | 0 | 0.03 | 0 | 0 | 0 | 0 | 0.01 |
| Return ratios | ||||||||
| Return on assets % | 21.9% | -5.8% | 0% | 0.1% | -2.4% | 16.8% | -1.1% | 0% |
| Return on capital employed % | 45.7% | -11.6% | 11.1% | -4.6% | -2.6% | 30.9% | -1.3% | 1.3% |
| Return on equity % | 47.1% | -13.6% | 0% | 0.1% | -4.5% | 21% | -1.5% | 0% |
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.