Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | -407.1% | — | 20% | 7.4% | 2.6% |
| EBITDA margin % | — | — | — | -500% | — | -3.3% | 1.6% | 2.1% |
| EBIT margin % | — | — | — | -528.6% | — | -10% | 0.3% | 1.9% |
| PAT margin % | — | — | — | -1,128.6% | — | -10% | 0.3% | 1.1% |
| Working capital | ||||||||
| Receivable days | — | — | — | 365 | — | 694 | 73 | 10 |
| Inventory days | — | — | — | 0 | — | 0 | 0 | 39 |
| Payable days | — | — | — | 365 | — | 700 | 45 | 33 |
| NWC days | — | — | — | 0 | — | -6 | 28 | 17 |
| Leverage | ||||||||
| Current ratio | — | — | 0.3 | 0.2 | 1.25 | 1.22 | 1.09 | 1.58 |
| Debt to EBITDA | — | — | — | — | — | — | 70.2 | 2.57 |
| Debt to equity | — | — | 0.33 | — | — | -10.17 | -70.2 | 6.21 |
| Interest coverage | -8 | — | — | — | — | — | 3 | 2.3 |
| Asset turnover | — | — | 0 | 0.09 | 0 | 0.39 | 0.81 | 6.64 |
| Return ratios | ||||||||
| Return on assets % | — | — | -247.7% | -97.5% | 0% | -3.9% | 0.3% | 7.2% |
| Return on capital employed % | — | — | -13.4% | -56.3% | 0% | -10.4% | 5.4% | 43.3% |
| Return on equity % | — | — | -470.1% | — | — | 100% | -20% | 126.3% |
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.