Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | ||
| — |
| — |
| EBITDA margin % | 27.5% | 9.4% | -1.9% | 12.6% | 18.1% | 33% | 28.1% |
| EBIT margin % | -142.6% | -314.3% | -261.5% | -161.1% | -166.8% | -35% | 26.4% |
| PAT margin % | -123% | -309% | -255% | -148.1% | -151.9% | -606.8% | 63.5% |
| Working capital | |||||||
| Receivable days | 88 | 304 | 185 | 15 | 35 | 10 | 26 |
| Inventory days | 10 | 10 | 4 | 0 | 0 | 0 | 0 |
| Payable days | 134 | 169 | 50 | 30 | 35 | 22 | 0 |
| NWC days | -36 | 145 | 138 | -15 | 0 | -12 | 26 |
| Leverage | |||||||
| Current ratio | 0.35 | 0.3 | 0.3 | 0.46 | 0.47 | 0.51 | 1.01 |
| Debt to EBITDA | 2.85 | 54.68 | — | 22.31 | 17.69 | 3.23 | 3.56 |
| Debt to equity | 0.05 | 0.21 | 0.25 | 0.28 | 0.33 | -1.08 | -3.41 |
| Interest coverage | -1,517.5 | -3,995 | -1,370.3 | -1,756 | -3,164 | — | — |
| Asset turnover | 0.05 | 0.03 | 0.04 | 0.06 | 0.06 | 0.49 | 0.4 |
| Return ratios | |||||||
| Return on assets % | -6.3% | -9% | -10.2% | -9.2% | -9.1% | -298.4% | 25.6% |
| Return on capital employed % | -7.8% | -11.3% | -13.8% | -13.2% | -13.2% | -11.6% | 398.1% |
| Return on equity % | -8.6% | -12.8% | -15.2% | -14.9% | -15.5% | 613.7% | -216.4% |
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.