Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | -82.4% | -120.4% | 17% | -4.1% | -23.9% | -13.3% | -14% | 9.9% |
| EBIT margin % | -108.3% | -172.5% | 10.4% | -6.5% | -28.2% | -18.3% | -18.7% | 5.3% |
| PAT margin % | -101.9% | -1,908.1% | 89.9% | -6.5% | -25.1% | -79.3% | -18.5% | 2.3% |
| Working capital | ||||||||
| Receivable days | 128 | 310 | 273 | 311 | 145 | 102 | 75 | 60 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 22 | 44 | 54 | 60 | 88 | 82 | 78 | 63 |
| NWC days | — | — | 219 | 251 | 57 | 19 | -3 | -3 |
| Leverage | ||||||||
| Current ratio | 0.29 | 0.65 | 0.86 | 1.47 | 1.11 | 0.94 | 0.8 | 1.05 |
| Debt to EBITDA | — | — | 0 | — | — | — | — | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | 28.8 | 206.9 | -36.3 | -32.5 | -20.1 | -24.8 | 15.2 |
| Asset turnover | 0.03 | 0.02 | 0.05 | 0.13 | 0.45 | 0.78 | 0.9 | 0.74 |
| Return ratios | ||||||||
| Return on assets % | -3.3% | -37.3% | 4.5% | -0.8% | -11.4% | -61.5% | -16.6% | 1.7% |
| Return on capital employed % | -3.4% | 1.5% | 5.8% | -0.9% | -15.9% | -14% | -23.7% | 24.3% |
| Return on equity % | -3.4% | -41.2% | 5.2% | -0.9% | -16.2% | -99.7% | -30.2% | 3.4% |
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.