Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 8.3% | 8.3% | 9.1% | 25.2% | 10% | -9.1% | -63% | -70.7% |
| EBIT margin % | 4.5% | 4.4% | 5.1% | 17.2% | 2.5% | -13% | -72.1% | -81% |
| PAT margin % | 5.3% | 5.9% | 19.3% | 25.6% | 13% | -5.4% | -76.3% | -91.1% |
| Working capital | ||||||||
| Receivable days | — | — | 164 | 111 | 108 | 175 | 171 | 143 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 317 | 245 | 198 | 179 | 92 | 88 |
| NWC days | — | — | -153 | -134 | -90 | -4 | 79 | 55 |
| Leverage | ||||||||
| Current ratio | — | — | 0.57 | 0.6 | 0.56 | 0.73 | 0.75 | 0.89 |
| Debt to EBITDA | — | — | 3.6 | 0.33 | 0.67 | — | — | — |
| Debt to equity | — | — | 0.23 | 0.05 | 0.04 | 0.32 | 2.16 | -9.91 |
| Interest coverage | 2 | 1.8 | 3.4 | 6 | 3.8 | -0.1 | -5.4 | -6.3 |
| Asset turnover | — | — | 0.3 | 0.37 | 0.35 | 0.28 | 0.28 | 0.52 |
| Return ratios | ||||||||
| Return on assets % | — | — | 5.8% | 9.4% | 4.5% | -1.5% | -21.6% | -47.3% |
| Return on capital employed % | — | — | 15.4% | 18.9% | 5.9% | -0.1% | -26.6% | -50.9% |
| Return on equity % | — | — | 13.3% | 17.1% | 7.7% | -3.4% | -120.1% | 1,067.7% |
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.