Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | -8.4% | -174.7% | -24.8% | -39.4% | -21.7% | -21.4% | -23.7% | -117.7% |
| EBIT margin % | -28.5% | -197.1% | -52.2% | -77.1% | -56.6% | -60% | -63% | -162.9% |
| PAT margin % | 206.5% | -5,542.5% | -1,012.2% | -1,628.1% | -3,181% | -2,437.6% | -3,009.3% | -4,383.7% |
| Working capital | ||||||||
| Receivable days | — | 113 | — | 79 | 90 | 126 | 127 | 132 |
| Inventory days | 15 | 5 | 17 | 1 | 2 | 2 | 2 | 2 |
| Payable days | — | — | — | 2,131 | 2,747 | 3,205 | 3,357 | 2,605 |
| NWC days | — | — | — | -2,051 | -2,655 | -3,077 | -3,228 | -2,471 |
| Leverage | ||||||||
| Current ratio | — | — | — | 0.18 | 0.13 | 0.12 | 0.11 | 0.1 |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | 2.06 | -0.9 | -1.1 | -0.92 | -0.74 | -0.65 | -0.58 | -0.51 |
| Interest coverage | — | — | — | — | — | — | — | — |
| Asset turnover | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Return ratios | ||||||||
| Return on assets % | 4.6% | -100.3% | -10.9% | -12.6% | -26.2% | -18% | -20.8% | -24.9% |
| Return on capital employed % | — | — | — | 0.7% | 0.4% | 0.3% | 0.3% | 0.5% |
| Return on equity % | 20.7% | 143.6% | 13.4% | 12.9% | 19.6% | 11.6% | 11.7% | 12.3% |
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.