Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | -7.2% | 1.9% | 17.3% | 22.2% | 21.8% | 17.2% | 12.3% | 2% |
| EBIT margin % | -10% | -0.5% | 15% | 20.8% | 21.6% | 16.4% | 11.7% | 1.7% |
| PAT margin % | 19% | 9.8% | 10.6% | 16.1% | -153.1% | 46.5% | 21.2% | 12.9% |
| Working capital | ||||||||
| Receivable days | 74 | 34 | 120 | 136 | 118 | 455 | 329 | 60 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 58 | 54 | 18 | 323 | 122 | 9 |
| NWC days | — | — | 62 | 83 | 100 | 132 | 207 | 51 |
| Leverage | ||||||||
| Current ratio | 8.81 | 2.32 | 2.55 | 1.7 | 2.36 | 8.06 | 17.35 | 1.66 |
| Debt to EBITDA | — | 15.42 | 2.22 | 0.7 | 0.05 | 0.26 | 0 | 9.23 |
| Debt to equity | 0.05 | 0.04 | 0.05 | 0.02 | 0 | 0 | 0 | 0.07 |
| Interest coverage | 4.8 | 2.7 | 3.6 | 9.3 | 26.9 | 30.6 | 209 | 11.3 |
| Asset turnover | 0.09 | 0.11 | 0.11 | 0.14 | 0.24 | 0.04 | 0.06 | 0.32 |
| Return ratios | ||||||||
| Return on assets % | 1.7% | 1.1% | 1.2% | 2.3% | -37% | 2.1% | 1.2% | 4.1% |
| Return on capital employed % | 3.7% | 2.5% | 2.4% | 3.8% | 5.2% | 1.1% | 1.8% | 4.2% |
| Return on equity % | 1.9% | 1.2% | 1.3% | 2.5% | -40.8% | 2.2% | 1.3% | 4.9% |
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.