Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 93.1% | 68.9% | 92.8% | 86.7% | 90.7% | 62.8% | 67.8% | 98.7% |
| EBITDA margin % | -82.7% | -403.6% | -53.4% | -136.1% | -89.7% | -534.5% | -456% | 85% |
| EBIT margin % | -86.9% | -415.9% | -57.7% | -143.5% | -94.6% | -550.5% | -471.1% | 84.5% |
| PAT margin % | -79.5% | -406.7% | -59.8% | -148.2% | -93.2% | -513.7% | -481% | 82.6% |
| Working capital | ||||||||
| Receivable days | 20 | — | 25 | 74 | 50 | 75 | 82 | 2 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | — | 1,830 | 1,442 | 2,448 | 1,944 | 1,964 | 1,644 |
| NWC days | — | — | -1,805 | -1,368 | -2,398 | -1,869 | -1,882 | -1,643 |
| Leverage | ||||||||
| Current ratio | 2.71 | — | 0.26 | 0.42 | 2.54 | 1.01 | 0.07 | 2.46 |
| Debt to EBITDA | — | — | — | — | — | — | — | 0.35 |
| Debt to equity | 0.21 | — | -1.4 | 2.4 | 0 | 0.38 | -1.17 | 0.42 |
| Interest coverage | -1,614.9 | -116 | -13.2 | -14.3 | -28.2 | -232.8 | -37.7 | 46.9 |
| Asset turnover | 0.46 | — | 1.1 | 0.49 | 0.29 | 0.16 | 0.22 | 0.87 |
| Return ratios | ||||||||
| Return on assets % | -36.5% | — | -65.8% | -72.6% | -26.8% | -79.8% | -104.8% | 71.6% |
| Return on capital employed % | -58.6% | — | 3,838.5% | -174.9% | -56.6% | -86.5% | -339.7% | 113.3% |
| Return on equity % | -49.1% | — | 89.8% | -651.3% | -43.4% | -310.9% | 156.5% | 116.4% |
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.