Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | -7.6% | -30.8% | -7.9% | 9.1% | 16.2% | 13.8% |
| EBIT margin % | -14.3% | -35.9% | -10.8% | 7.4% | 14.1% | 11.9% |
| PAT margin % | 6% | 2.5% | 5.1% | 25.3% | 34.3% | 20.2% |
| Working capital | ||||||
| Receivable days | 99 | 55 | 67 | 117 | 123 | 154 |
| Inventory days | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 28 | 85 | 15 | 11 | 16 | 25 |
| NWC days | 71 | -30 | 52 | 106 | 107 | 129 |
| Leverage | ||||||
| Current ratio | 9.56 | 9.62 | 19.55 | 25.1 | 29.04 | 3.06 |
| Debt to EBITDA | — | — | — | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 9.8 | 4.8 | 7.1 | 48.9 | 87.7 | 74.7 |
| Asset turnover | 0.23 | 0.1 | 0.16 | 0.13 | 0.15 | 0.17 |
| Return ratios | ||||||
| Return on assets % | 1.4% | 0.3% | 0.8% | 3.3% | 5.1% | 3.3% |
| Return on capital employed % | 2.5% | 1% | 1.5% | 6.1% | 7.3% | 5.2% |
| Return on equity % | 1.5% | 0.3% | 0.9% | 3.4% | 5.3% | 3.5% |
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.