Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 80.2% | 5.1% | 6.1% | 98.2% | 5.2% | 4.5% | 5% | 4.9% |
| EBITDA margin % | -111.7% | -71.6% | -172.5% | 46.5% | -85.9% | -70.5% | -53.5% | -39.4% |
| EBIT margin % | -111.7% | -88.7% | -214.7% | 45.9% | -101.5% | -84% | -64.6% | -47.4% |
| PAT margin % | -187.8% | -244% | 24% | 42.1% | 127.5% | -10.7% | -61.7% | -57.3% |
| Working capital | ||||||||
| Receivable days | — | — | 741 | 2 | 936 | 896 | 699 | 502 |
| Inventory days | — | — | 11 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 316 | 306 | 102 | 48 | 113 | 74 |
| NWC days | — | — | 436 | -304 | 834 | 848 | 586 | 428 |
| Leverage | ||||||||
| Current ratio | — | — | 0.69 | 1.56 | 7.94 | 8.61 | 6.74 | 1.88 |
| Debt to EBITDA | — | — | — | 0.13 | — | — | — | — |
| Debt to equity | — | — | 4.65 | 0.13 | 0.12 | 0.11 | 0.07 | 0 |
| Interest coverage | -0.3 | -1.9 | 1.1 | 51.1 | 4.4 | -1.4 | -5.9 | -4.1 |
| Asset turnover | — | — | 0.02 | 1.42 | 0.07 | 0.08 | 0.11 | 0.13 |
| Return ratios | ||||||||
| Return on assets % | — | — | 0.4% | 60% | 8.3% | -0.9% | -6.9% | -7.2% |
| Return on capital employed % | — | — | 83.1% | 204.8% | 13.3% | -2% | -5.9% | -7.8% |
| Return on equity % | — | — | 16.1% | 94.2% | 10.2% | -1.1% | -8.2% | -10.5% |
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.