Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 68.3% | 75% | 71.9% | — | — | — | — |
| EBITDA margin % | — | -56.7% | -150% | -47.4% | 22.5% | 25% | -155% | — |
| EBIT margin % | — | -56.7% | -150% | -47.4% | 22.5% | 25% | -155% | — |
| PAT margin % | — | 23.3% | 10,750% | -8,761.4% | 0% | -55% | -370% | — |
| Working capital | ||||||||
| Receivable days | — | — | 15,850 | 5,616 | 4,179 | 4,179 | 8,267 | — |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | — |
| Payable days | — | — | 4,453 | 2,213 | 330 | 85 | 50 | — |
| NWC days | — | — | 11,397 | 3,403 | 3,850 | 4,094 | 8,217 | — |
| Leverage | ||||||||
| Current ratio | — | — | 0.38 | 0.77 | 0.68 | 0.65 | 0.71 | 0.65 |
| Debt to EBITDA | — | — | — | — | 106.89 | 107.1 | — | — |
| Debt to equity | — | — | 0.09 | 0.78 | 0.88 | 1 | 1.12 | 1.21 |
| Interest coverage | 0 | 0.2 | -0.8 | -0.3 | 1 | 0.8 | -0.5 | -36.5 |
| Asset turnover | — | — | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0 |
| Return ratios | ||||||||
| Return on assets % | — | — | 31.2% | -128.3% | 0% | -0.6% | -2.1% | -2.1% |
| Return on capital employed % | — | — | -0.8% | -0.6% | 5.2% | 4.2% | -1.1% | -3.5% |
| Return on equity % | — | — | 69.9% | -455.2% | 0% | -2% | -7.4% | -8% |
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.