Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | -102.9% | — | — | 82.4% | 61.4% | 54% | — | 22.2% |
| EBITDA margin % | -5,502.9% | — | -178.8% | -6.9% | 22.6% | 18.1% | 15.1% | 17.3% |
| EBIT margin % | -6,400% | — | -675.8% | -83% | 2.9% | 7.3% | 14.7% | 17% |
| PAT margin % | -6,165.7% | — | -675.8% | -81.1% | 71.7% | 9.8% | 16.6% | 18.9% |
| Working capital | ||||||||
| Receivable days | 10,126 | — | 7,864 | 1,586 | 756 | 827 | — | 160 |
| Inventory days | — | — | 0 | 78 | 39 | 100 | — | 111 |
| Payable days | 8,775 | — | 155 | 965 | 309 | 240 | — | 107 |
| NWC days | — | — | 7,709 | 700 | 487 | 687 | — | 164 |
| Leverage | ||||||||
| Current ratio | 0.25 | — | 14.08 | 8.24 | 1.72 | 2.64 | — | 2.66 |
| Debt to EBITDA | — | — | — | — | 14.09 | 7.7 | — | 0.02 |
| Debt to equity | -1.22 | — | 19.24 | -90.64 | 4.8 | 0.63 | — | 0 |
| Interest coverage | -1,165.5 | — | — | — | 2 | — | 188.1 | 32 |
| Asset turnover | 0.01 | — | 0.01 | 0.07 | 0.19 | 0.22 | — | 0.84 |
| Return ratios | ||||||||
| Return on assets % | -56.7% | — | -9.1% | -5.5% | 14% | 2.1% | — | 15.9% |
| Return on capital employed % | 85.4% | — | -9.3% | -5.6% | 32.2% | 3.1% | — | 20% |
| Return on equity % | 31.3% | — | -187.4% | 516% | 108.3% | 4.4% | — | 21.3% |
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.