Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 79.8% | 65.9% | 40.2% | 41.6% | 30.7% | 62.4% | -20.4% | -41% |
| EBIT margin % | 79.2% | 65.3% | 39.7% | 40.9% | 29.9% | 61.6% | -21.2% | -42.4% |
| PAT margin % | 29.8% | — | 8.9% | 3.4% | 0.9% | 20.3% | -43.9% | -68.8% |
| Working capital | ||||||||
| Receivable days | 1 | 6 | 3 | — | — | — | — | — |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 3.56 | 3.25 | 8.95 | 6.35 | — | 6.28 | — | — |
| Debt to equity | 1.56 | 1.16 | 1.91 | 1.2 | — | 2.53 | 1.98 | 1.74 |
| Interest coverage | 2.3 | 2.7 | 1.4 | 1.1 | 1 | 1.7 | -0.5 | -0.7 |
| Asset turnover | 0.21 | 0.24 | 0.17 | 0.2 | 0.14 | 0.18 | 0.27 | 0.15 |
| Return ratios | ||||||||
| Return on assets % | 6.3% | — | 1.5% | 0.7% | 0.1% | 3.6% | -11.9% | -10.1% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 16.4% | — | 4.7% | 1.5% | 0.4% | 13.2% | -36.5% | -28.4% |
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.