Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | -32.4% | -18.4% | -11.2% | -17.2% | -12.9% | -29.2% | -16.7% | -38.3% |
| EBIT margin % | -37.7% | -25.1% | -18.5% | -20% | -15.8% | -34.5% | -35% | -76% |
| PAT margin % | 29.2% | 54.4% | 4.9% | 53.7% | 58.6% | 58.6% | 34.4% | 68.8% |
| Working capital | ||||||||
| Receivable days | 22 | 61 | 82 | 101 | 132 | 202 | 240 | 298 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 48 | 25 | 33 | 33 | 28 | 17 |
| NWC days | — | — | 34 | 76 | 99 | 169 | 212 | 281 |
| Leverage | ||||||||
| Current ratio | 22.16 | 14.43 | 4.65 | 49.63 | 10.15 | 5.5 | 4.02 | 1.01 |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | 0.01 | 0.04 | 0.03 | 0 | 0.01 | 0.02 | 0.02 | 0.28 |
| Interest coverage | 3.8 | 5.4 | 1.8 | 704 | 23.4 | 17.9 | 7 | 17.8 |
| Asset turnover | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Return ratios | ||||||||
| Return on assets % | 0.2% | 0.5% | 0.1% | 0.8% | 0.8% | 0.7% | 0.4% | 0.4% |
| Return on capital employed % | 0.4% | 0.7% | 0.9% | 1.1% | 1.2% | 1.4% | 0.7% | 0.9% |
| Return on equity % | 0.2% | 0.6% | 0.1% | 0.9% | 0.9% | 0.9% | 0.4% | 0.6% |
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.