Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | — | — |
| EBITDA margin % | 20.5% | -12.9% | -211.3% | -196.1% | -568.9% | -83.6% | -50% |
| EBIT margin % | 9.5% | -29.5% | -229.9% | -207.8% | -579.2% | -98% | -78.8% |
| PAT margin % | 15.1% | 2.5% | -165.7% | -104.4% | -418.3% | 81.5% | -1,266.2% |
| Working capital | |||||||
| Receivable days | — | 47 | 9 | 48 | 79 | 180 | 98 |
| Inventory days | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | 132 | 11 | 12 | 16 | 84 | 65 |
| NWC days | — | -85 | -2 | 35 | 62 | 97 | 33 |
| Leverage | |||||||
| Current ratio | — | 2.21 | 21.25 | 39.01 | 50.92 | 10.08 | 23.29 |
| Debt to EBITDA | — | — | — | — | — | — | — |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 21.1 | -4.7 | -114.3 | -211 | -59.5 | 34.4 | 13.8 |
| Asset turnover | — | 0.06 | 0.02 | 0.02 | 0.01 | 0.01 | 0.03 |
| Return ratios | |||||||
| Return on assets % | — | 0.1% | -3.7% | -2.6% | -6% | 1% | -40.6% |
| Return on capital employed % | — | -0.1% | -5% | -2.3% | -7.2% | 1.5% | 2% |
| Return on equity % | — | 0.2% | -3.8% | -2.6% | -6.1% | 1% | -41.7% |
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.