Standalone figures
| Ratio | Mar 2018 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | 9.1% | 10.9% | 13.1% | 9.8% |
| EBITDA margin % | — | -20.2% | 2% | 7.1% | 4% | 1.4% |
| EBIT margin % | — | -21.4% | 1.8% | 6.8% | 3.7% | 0.7% |
| PAT margin % | — | -8.8% | 2% | 7% | 3% | 2.6% |
| Working capital | ||||||
| Receivable days | — | — | 94 | 67 | 110 | 120 |
| Inventory days | — | — | 0 | 2 | 1 | 1 |
| Payable days | — | — | 46 | 8 | 44 | 61 |
| NWC days | — | — | 48 | 60 | 67 | 60 |
| Leverage | ||||||
| Current ratio | — | — | 1.99 | 11.78 | 3.69 | 2.68 |
| Debt to EBITDA | — | — | 0 | 0.04 | 0.28 | 20.01 |
| Debt to equity | — | — | 0 | 0 | 0.01 | 0.17 |
| Interest coverage | — | -3.2 | 9.5 | 367 | 67.8 | 7.4 |
| Asset turnover | — | — | 1.87 | 0.98 | 0.67 | 0.49 |
| Return ratios | ||||||
| Return on assets % | — | — | 3.7% | 6.9% | 2% | 1.3% |
| Return on capital employed % | — | — | 5.7% | 9.5% | 3.4% | 2.4% |
| Return on equity % | — | — | 5.3% | 7.1% | 2.2% | 1.7% |
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.