Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 0.4% | 45.9% | 2% | — | — | — | — | — |
| EBITDA margin % | -4.1% | -3.2% | -36.7% | — | — | — | — | — |
| EBIT margin % | -4.6% | -3.7% | -43% | — | — | — | — | — |
| PAT margin % | -8.3% | -3.9% | -20.5% | — | — | — | — | — |
| Working capital | ||||||||
| Receivable days | 559 | 141 | 202 | — | — | — | — | — |
| Inventory days | 0 | 0 | 0 | — | — | — | — | — |
| Payable days | — | — | 227 | — | — | — | — | — |
| NWC days | — | — | -25 | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | 0.32 | 0.57 | 0.59 | 0.61 | 0.62 | 0.84 |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | 19.94 | -13.11 | -7.38 | -4.08 | -5.6 | -10.91 | -19.06 | 0 |
| Interest coverage | 16.2 | -4 | -25.9 | 12.5 | 20 | 25.8 | 38.8 | 25.7 |
| Asset turnover | 0.25 | 1.18 | 0.11 | 0 | 0 | 0 | 0 | 0 |
| Return ratios | ||||||||
| Return on assets % | -2.1% | -4.6% | -2.2% | -4.1% | 1.4% | 2.2% | 1.1% | 29.2% |
| Return on capital employed % | — | — | -5% | 6% | -26.9% | -67.7% | -184.6% | 8.5% |
| Return on equity % | -114.4% | 184.7% | 46.9% | 47.6% | -22.8% | -70.7% | -60.8% | 105.9% |
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.