Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 8.8% | 10.7% | 31.5% | 59.3% | 27.3% | 14.2% | 86.7% |
| EBITDA margin % | 4.9% | 3.7% | 11.1% | 14.1% | -80.7% | -12.1% | -585.3% |
| EBIT margin % | 0.8% | -12.6% | -25.8% | -35.9% | -301.6% | -85.1% | -654.7% |
| PAT margin % | 1.4% | -5.5% | -16.4% | -2.7% | -259.3% | -87% | -586.7% |
| Working capital | |||||||
| Receivable days | — | 46 | 106 | 108 | 686 | 450 | 5,237 |
| Inventory days | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | 42 | 89 | 12 | 35 | 21 | 2,482 |
| NWC days | — | 4 | 16 | 95 | 651 | 428 | 2,755 |
| Leverage | |||||||
| Current ratio | — | 1.36 | 1.4 | 1.59 | 1.59 | 1.62 | 1.47 |
| Debt to EBITDA | — | 0 | 0 | 0 | — | — | — |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0.05 | 0.01 |
| Interest coverage | 17.9 | -341 | -107.2 | -1.1 | -41.7 | -26.8 | -54 |
| Asset turnover | — | 0.58 | 0.22 | 0.18 | 0.04 | 0.08 | 0.01 |
| Return ratios | |||||||
| Return on assets % | — | -3.2% | -3.6% | -0.5% | -10.6% | -7.3% | -3.4% |
| Return on capital employed % | — | -4.8% | -4.7% | -0.3% | -11.6% | -8.5% | -3.8% |
| Return on equity % | — | -4.2% | -4.8% | -0.6% | -12.7% | -9.1% | -4.1% |
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.