Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 62.2% | 59.1% | 52.5% | 46% | 54.9% | 86.5% | 77.7% |
| EBITDA margin % | -60.1% | -8.1% | -34.6% | -138.4% | -55.9% | -822.7% | -296.2% |
| EBIT margin % | -61.9% | -10.1% | -37% | -140.2% | -57.8% | -825.5% | -299.5% |
| PAT margin % | -67.1% | -15% | -30.5% | -1,082.5% | -527% | -1,635.6% | 4,696.2% |
| Working capital | |||||||
| Receivable days | — | — | — | 1,203 | 1,616 | 1,178 | 823 |
| Inventory days | — | — | — | 2 | 2 | 6 | 0 |
| Payable days | — | — | — | 677 | 1,079 | 6,033 | 625 |
| NWC days | — | — | — | 528 | 538 | -4,849 | 198 |
| Leverage | |||||||
| Current ratio | — | — | — | 0.29 | 0.24 | 0.09 | 1.19 |
| Debt to EBITDA | — | — | — | — | — | — | — |
| Debt to equity | — | — | — | -0.93 | -0.74 | -0.53 | 0.17 |
| Interest coverage | -3.7 | -0.2 | -0.7 | -0.1 | -0.1 | -1 | -1 |
| Asset turnover | — | — | — | 0.11 | 0.08 | 0.09 | 0.09 |
| Return ratios | |||||||
| Return on assets % | — | — | — | -118% | -44.2% | -146.9% | 419.4% |
| Return on capital employed % | — | — | — | 8.4% | 1.2% | 14.7% | -38.2% |
| Return on equity % | — | — | — | 74.3% | 21% | 29.1% | 604.9% |
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.