Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 98.7% | — | — | — | — | — |
| EBITDA margin % | 37.5% | 38.8% | 41.3% | 2.1% | -20% | -12.9% | 26.9% | 30.3% |
| EBIT margin % | 21.8% | 19% | 23% | -22.9% | -49.8% | -42.2% | -2.9% | 6.7% |
| PAT margin % | 16.4% | 8.1% | 12.8% | -17.9% | -45.6% | -41.3% | -3.1% | 1.4% |
| Working capital | ||||||||
| Receivable days | — | — | 124 | 90 | 124 | 82 | 64 | 66 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 2,292 | 57 | 57 | 42 | 52 | 51 |
| NWC days | — | — | -2,168 | 33 | 67 | 40 | 12 | 15 |
| Leverage | ||||||||
| Current ratio | — | — | 3.48 | 2.42 | 1.53 | 1.01 | 1.13 | 1.31 |
| Debt to EBITDA | — | — | 0 | 0 | — | — | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0.04 | 0 | 0 | 0 |
| Interest coverage | 18.9 | 6.7 | 11.7 | -11.5 | -13.5 | -21.4 | -1.5 | 9.2 |
| Asset turnover | — | — | 0.34 | 0.29 | 0.23 | 0.29 | 0.34 | 0.37 |
| Return ratios | ||||||||
| Return on assets % | — | — | 4.3% | -5.1% | -10.5% | -12.1% | -1.1% | 0.5% |
| Return on capital employed % | — | — | 9.4% | -5.9% | -13.1% | -13% | -0.8% | 3.7% |
| Return on equity % | — | — | 5% | -6.1% | -13.2% | -15% | -1.3% | 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.