Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 5.5% | 1.9% | ||||
| — |
| — |
| — |
| 93.3% |
| EBITDA margin % | -7.2% | -7.4% | -1.9% | -3.4% | — | — | — | 35.4% |
| EBIT margin % | -8.6% | -8.7% | -2.5% | -3.9% | — | — | — | 31.6% |
| PAT margin % | 1.3% | 0.3% | 0.3% | 3% | 27.8% | 0% | -5.3% | 24.1% |
| Working capital | ||||||||
| Receivable days | — | — | 0 | 0 | 223 | 411 | 346 | 75 |
| Inventory days | — | — | 0 | 0 | — | — | — | 0 |
| Payable days | — | — | 2 | 25 | — | — | — | 0 |
| NWC days | — | — | -2 | -24 | — | — | — | 75 |
| Leverage | ||||||||
| Current ratio | — | — | 0.78 | 1.33 | 6.05 | 1.91 | 0.78 | 4.79 |
| Debt to EBITDA | — | — | — | — | — | — | — | 0.21 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0.02 | 0.02 |
| Interest coverage | 19.5 | 7.7 | 157 | 206 | — | — | — | 40.2 |
| Asset turnover | — | — | 0.64 | 0.54 | 0 | 0 | 0 | 0.26 |
| Return ratios | ||||||||
| Return on assets % | — | — | 0.2% | 1.6% | 0% | 0% | -0% | 6.2% |
| Return on capital employed % | — | — | 3% | 1.8% | 0% | 0% | -0% | 10.5% |
| Return on equity % | — | — | 0.2% | 1.7% | 0% | 0% | -0% | 6.6% |
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.