Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 69.2% | 26.3% | 34.4% | 31.4% | 24.1% | -52.3% | -94% | — |
| EBIT margin % | 62.9% | 14.1% | 29.8% | 25.6% | 15.2% | -64.1% | -106.6% | — |
| PAT margin % | 46.4% | 15.2% | 29.8% | 25% | 15.9% | -58.2% | -103.6% | — |
| Working capital | ||||||||
| Receivable days | — | — | 106 | 68 | 78 | 17 | 0 | — |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | — |
| Payable days | — | — | 0 | 0 | 0 | 0 | 0 | — |
| NWC days | — | — | 106 | 68 | 78 | 17 | 0 | — |
| Leverage | ||||||||
| Current ratio | — | — | 18.22 | 24.53 | 16.07 | 26.67 | 98.8 | 255.87 |
| Debt to EBITDA | — | — | 0.04 | 0 | 0 | — | — | — |
| Debt to equity | — | — | 0 | 0 | 0 | 0.06 | 0 | 0 |
| Interest coverage | 145 | 21 | — | — | — | -43.5 | -55.7 | — |
| Asset turnover | — | 0.54 | 0.22 | 0.27 | 0.21 | 0.25 | 0.16 | 0 |
| Return ratios | ||||||||
| Return on assets % | — | 8.2% | 6.5% | 6.7% | 3.4% | -14.6% | -17% | 2.5% |
| Return on capital employed % | — | — | 8.1% | 9.1% | 5.3% | -14% | -20.9% | 3.8% |
| Return on equity % | — | — | 6.8% | 6.9% | 3.6% | -15.9% | -17.1% | 2.5% |
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.