Standalone figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 52.8% | 54.6% | 6.8% | 59.4% | 68.7% | 73.7% | 33.7% | 52.7% |
| EBIT margin % | 50.3% | 51.3% | 4% | 56.2% | 65.5% | 71.8% | 32.1% | 51.3% |
| PAT margin % | — | -0.5% | -31.3% | 19.1% | 30.2% | 66% | -2.4% | 8% |
| Working capital | ||||||||
| Receivable days | — | — | — | 2 | — | — | — | — |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | — | — | 62.83 | 7.37 | 8.35 | 6.58 | 18.33 | 13.44 |
| Debt to equity | — | — | — | 1.18 | 1.73 | 1.86 | 3.19 | 4.67 |
| Interest coverage | 1.3 | 1 | 0.1 | 1.8 | 2.3 | 2.4 | 0.9 | 1.3 |
| Asset turnover | — | — | — | 0.12 | 0.11 | 0.13 | 0.12 | 0.11 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 2.3% | 3.2% | 8.6% | -0.3% | 0.9% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | — | — | — | 5.1% | 9.1% | 25.3% | -1.2% | 5.3% |
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.