Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | -5% | -19.1% | 31% | 46.8% | 36.5% | 34.1% | 58.4% | 22.6% |
| EBIT margin % | -6.5% | -20.6% | 28.4% | 44.7% | 33% | 31.6% | 56.7% | 19.5% |
| PAT margin % | -6.1% | — | 22.1% | 41.8% | 27.4% | 25.6% | 57.5% | 33.2% |
| Working capital | ||||||||
| Receivable days | 43 | 70 | 57 | 43 | — | — | — | — |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 40 | 4 | — | — | — | — |
| NWC days | — | — | 17 | 39 | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | 3.44 | 9.09 | — | — | — | — |
| Debt to EBITDA | — | — | 0.02 | 0.31 | — | 0.17 | 0 | 0.27 |
| Debt to equity | 0.68 | 0.01 | 0 | 0.05 | — | 0.01 | 0 | 0.02 |
| Interest coverage | -18 | -26.3 | 32.8 | 34.8 | 15 | 21.7 | 214.5 | 22.4 |
| Asset turnover | 0.48 | 0.43 | 0.41 | 0.28 | 0.21 | 0.22 | 0.28 | 0.23 |
| Return ratios | ||||||||
| Return on assets % | -2.9% | — | 9% | 11.9% | 5.9% | 5.6% | 16.2% | 7.7% |
| Return on capital employed % | — | — | 16.1% | 19.2% | — | — | — | — |
| Return on equity % | -5.8% | — | 12.7% | 13.7% | 6.7% | 6.3% | 18% | 8.3% |
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.