Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 87.1% | 96% | 94.4% | 94.2% | 97.7% | 92.3% | 90% | 87.7% |
| EBITDA margin % | -54.2% | -74.5% | -34.4% | -32.6% | -5% | 30.6% | 17.9% | -94.6% |
| EBIT margin % | -57.8% | -79.6% | -45.1% | -44.2% | -15.1% | 24.4% | 11.7% | -116.7% |
| PAT margin % | -39.1% | -104.5% | -40.9% | -41.3% | -13.5% | 31.9% | 12.5% | -119.1% |
| Working capital | ||||||||
| Receivable days | — | — | 106 | 51 | 10 | 69 | 30 | 123 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 363 | 319 | 1,220 | 229 | 64 | 172 |
| NWC days | — | — | -257 | -268 | -1,210 | -160 | -34 | -50 |
| Leverage | ||||||||
| Current ratio | — | — | 3.47 | 2.34 | 2.06 | 3.14 | 4.31 | 1.93 |
| Debt to EBITDA | — | — | — | — | — | 0 | 0 | — |
| Debt to equity | — | — | 0.1 | 0.11 | 0.1 | 0 | 0 | 0.1 |
| Interest coverage | -105.4 | -81.3 | -52.6 | — | -17.5 | 106.5 | 72.4 | -31.9 |
| Asset turnover | — | — | 0.37 | 0.36 | 0.41 | 0.64 | 0.6 | 0.3 |
| Return ratios | ||||||||
| Return on assets % | — | — | -15.2% | -15.1% | -5.5% | 20.3% | 7.5% | -35.9% |
| Return on capital employed % | — | — | -17.1% | -10.5% | -6.3% | 28% | 9% | -36.7% |
| Return on equity % | — | — | -19.7% | -18.7% | -7.3% | 25.4% | 8.7% | -56.7% |
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.