Standalone figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 49.4% | 52% | 35.5% | 50.6% | 28.3% | -153.8% | 48.9% | -288.9% |
| EBIT margin % | 49% | 51.3% | 35.5% | 50.4% | 28.3% | -154.9% | 44.6% | -288.9% |
| PAT margin % | 4.1% | 10.5% | -9.9% | -11.5% | -1.7% | -180.7% | 13.7% | -315.1% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | 10 | 5 | 0 | 1 |
| Inventory days | — | — | — | 0 | 0 | 0 | 0 | — |
| Payable days | — | — | — | — | — | — | 76 | 1 |
| NWC days | — | — | — | — | — | — | -76 | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | — | — | — | 12.3 | 13.71 | — | 7.97 | — |
| Debt to equity | — | — | — | 1.74 | 0.53 | 0.49 | 0.37 | 0.28 |
| Interest coverage | 1.1 | 1.4 | 0.8 | 0.8 | 1 | -13.7 | 1.5 | -10.1 |
| Asset turnover | — | — | — | 0.1 | 0.09 | 0.03 | 0.07 | 0.05 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | -1.2% | -0.2% | -5.4% | 0.9% | -15.8% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | — | — | — | -3.2% | -0.2% | -8.1% | 1.3% | -20.7% |
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.