Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 17.3% | 27.9% | 16.7% | — | ||||
Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 17.3% | 27.9% | 16.7% | — | ||||
| 18.3% |
| 41.9% |
| — |
| — |
| EBITDA margin % | -63.9% | -686.6% | -845.7% | -3.2% | 5% | -175.7% | -228.9% | — |
| EBIT margin % | -67.6% | -757.1% | -930.1% | -7.2% | 3% | -188.9% | -234.4% | — |
| PAT margin % | 79.2% | 1,009.7% | 418.8% | -1,570.2% | 7.6% | -3,823.8% | -7,748.9% | — |
| Working capital | ||||||||
| Receivable days | 107 | 1,034 | 465 | 52 | 0 | 0 | 0 | — |
| Inventory days | 1 | 6 | — | — | 0 | 0 | 0 | — |
| Payable days | 8 | 195 | — | — | 36 | 59 | 26 | — |
| NWC days | 99 | 846 | — | — | -36 | -59 | -26 | — |
| Leverage | ||||||||
| Current ratio | 23.43 | 54.12 | — | 0.05 | 3.85 | 0.29 | 3.81 | 13.49 |
| Debt to EBITDA | — | — | — | — | 0 | — | — | — |
| Debt to equity | — | — | — | — | 0 | 0 | 0 | 0 |
| Interest coverage | — | 60.3 | -19.3 | 9.2 | 17.6 | -29.9 | 14.7 | 10.9 |
| Asset turnover | 0.03 | 0 | 0 | 0.1 | 0.18 | 0.05 | 0.03 | 0 |
| Return ratios | ||||||||
| Return on assets % | 2.2% | 3.2% | 1% | -153.1% | 1.3% | -173.9% | -220.3% | 9.1% |
| Return on capital employed % | 2.5% | 3.4% | — | 0.9% | 3.5% | -11% | 17.9% | 11.6% |
| Return on equity % | 2.3% | 3.3% | 1% | -159.9% | 1.4% | -217.2% | -270.7% | 9.6% |
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.