Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | 97.9% | — | — | — |
| EBITDA margin % | 8.4% | 3.3% | — | 0.2% | -15.4% | 5.5% | -51.6% | -13.4% |
| EBIT margin % | 8.2% | 3.3% | — | 0.1% | -15.6% | 5.2% | -51.8% | -13.5% |
| PAT margin % | 9.6% | 1.7% | — | 0.2% | 1.5% | 5.1% | -49.9% | 4.9% |
| Working capital | ||||||||
| Receivable days | — | — | — | 724 | 1,612 | 2,963 | 2,246 | 2,751 |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | 30,340 | 1,227 | 683 | 1,336 |
| NWC days | — | — | — | — | -28,728 | 1,736 | 1,563 | 1,416 |
| Leverage | ||||||||
| Current ratio | — | — | — | — | 1.44 | 1.56 | 1.49 | 1.48 |
| Debt to EBITDA | — | — | — | — | — | 0 | — | — |
| Debt to equity | — | — | — | — | 0 | 0 | 0 | 0 |
| Interest coverage | — | 3 | 1.1 | 1.2 | 1.6 | 2.2 | -69.1 | — |
| Asset turnover | — | — | — | 0.26 | 0.13 | 0.07 | 0.1 | 0.09 |
| Return ratios | ||||||||
| Return on assets % | — | — | -0.5% | 0% | 0.2% | 0.4% | -5.2% | 0.5% |
| Return on capital employed % | — | — | 0.9% | 0.6% | 1.1% | 1.4% | -9.4% | 0.9% |
| Return on equity % | — | — | -0.6% | 0.1% | 0.3% | 0.6% | -9.4% | 0.9% |
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.