Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 3.1% | 10.9% | 17.9% | -21.3% | -52.3% | 18.8% | 21.1% | -87.7% |
| EBIT margin % | 3.1% | 10.9% | -44.3% | -82% | -107.7% | -9.8% | -6.3% | -87.7% |
| PAT margin % | -114.1% | -487.2% | -168.4% | -184.5% | 444.9% | -8.4% | 225.7% | -112.3% |
| Working capital | ||||||||
| Receivable days | 410 | 458 | 208 | 224 | 361 | 215 | 170 | 189 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | — |
| Payable days | — | — | 129 | 124 | 140 | 151 | 121 | — |
| NWC days | — | — | 79 | 101 | 222 | 64 | 49 | — |
| Leverage | ||||||||
| Current ratio | 0.25 | 0.24 | 0.13 | 0.11 | 0.34 | 0.43 | 2.01 | 3.61 |
| Debt to EBITDA | 37.3 | 5.33 | 0 | — | — | 8.71 | 5.35 | — |
| Debt to equity | 0.25 | 1.08 | -0 | -1.74 | 0.3 | 0.35 | 0.17 | 0.03 |
| Interest coverage | 0.2 | 0.4 | -0 | -0.2 | -0.8 | 0.8 | -0.6 | -9.4 |
| Asset turnover | 0.07 | 0.08 | 0.09 | 0.08 | 0.05 | 0.08 | 0.09 | 0.07 |
| Return ratios | ||||||||
| Return on assets % | -7.9% | -41.2% | -14.7% | -14.4% | 23.8% | -0.7% | 21.2% | -7.3% |
| Return on capital employed % | 3% | 9.3% | -3% | 61.3% | -7.7% | 5.1% | -0.6% | -5.7% |
| Return on equity % | -25% | -902.4% | 157.7% | 57.8% | 65.4% | -1.8% | 33.6% | -10% |
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.