Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | 22.9% | 26.7% | 27% | 12.8% | -13.5% | -84% |
| EBIT margin % | 14.9% | 20.1% | 20.1% | 4.2% | -28.1% | -95.8% |
| PAT margin % | 25.7% | 19.3% | 37.4% | 3.9% | -21.7% | -14.6% |
| Working capital | ||||||
| Receivable days | 38 | 4 | 7 | 2 | 17 | 1 |
| Inventory days | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 17 | 45 | 60 | 14 | 15 | 13 |
| NWC days | 21 | -41 | -53 | -12 | 1 | -12 |
| Leverage | ||||||
| Current ratio | 102.66 | 58.98 | 39.98 | 33.46 | 2.27 | 24.85 |
| Debt to EBITDA | 0 | 0 | 0 | 0 | — | — |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 66.1 | 48.7 | 29.4 | 4 | -4.6 | -8.3 |
| Asset turnover | 0.04 | 0.03 | 0.04 | 0.04 | 0.02 | 0.01 |
| Return ratios | ||||||
| Return on assets % | 0.9% | 0.7% | 1.4% | 0.1% | -0.5% | -0.2% |
| Return on capital employed % | 1.1% | 0.8% | 0.8% | 0.3% | -0.4% | -1% |
| Return on equity % | 0.9% | 0.7% | 1.4% | 0.1% | -0.5% | -0.2% |
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.